Russia extends overseas money transfer restrictions for six months until March 31, 2025.

Russia's Central Bank has prolonged restrictions on overseas money transfers for six months, now set to last until March 31, 2025. These measures, initiated by President Putin in February 2022 after the Ukraine invasion, aim to shield the economy from Western sanctions. "Unfriendly" countries face strict transfer bans, while individuals and companies from "friendly" nations can transfer certain amounts, with limitations on foreign currency transactions.

September 23, 2024
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