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Nabiullina said there are no plans to impose restrictions on cross-border transfers

Bank of Russia
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The Central Bank (CB) of Russia did not consider introducing restrictions on cross-border transfers. This was stated on October 28 by the head of the regulator, Elvira Nabiullina, at a press conference following a meeting of the Board of Directors of the Central Bank.

“As for the departure of some of our citizens, we did not consider additional restrictions on cross-border transfers in this regard,” she stressed. Her words leads prime agency.

In addition, Nabiullina raised the issue of increasing the limit on the export of cash currency from the country, transmits TASS. Now the Bank of Russia does not see an opportunity to raise the limit above $10,000, since access to cash is limited. “Non-cash payments are more active as payment for our export goods. We will continue to look at the situation,” the head of the Central Bank said.

Restrictions on transfers abroad were introduced after the start of the Russian special operation in Ukraine. It was allowed to transfer funds only in foreign currency in the amount of up to $10,000 from an account and up to $5,000 without opening an account. Residents and non-residents from friendly countries could still transfer no more than $5,000 per month or the equivalent amount in another currency through organizations engaged in transferring funds without opening an account. In May, the Central Bank began to ease the restrictions imposed, and in June the regulator raised the monthly limit on transfers abroad up to $1 million per month.

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