Cyprus Mail
Banking and FinanceBusinessRussia

Russian central bank extends curbs on transferring funds abroad

russia russian cenbank

Russia’s central bank has extended restrictions on transferring funds abroad for another six months, the regulator said on Friday.

Until March 31, 2024, Russian citizens and non-residents from “friendly countries” will still be able to transfer no more than $1 million or its equivalent in other foreign currencies to any accounts in foreign banks within a month.

Russia considers countries that imposed sanctions against it as “unfriendly”.

Follow the Cyprus Mail on Google News

Related Posts

Britain’s dominant services sector rebounds, cost burdens persist

Reuters News Service

Barclays shares slip after major backer Qatar cuts stake

Reuters News Service

E-basket legislation to be voted on this week

Elias Hazou

Ukraine aerospace sector’s push for Western tie-ups met with skepticism

Reuters News Service

Cyprus puts strong showing at major European startup festival

Kyriacos Nicolaou

Cyprus unemployed drop to 12,662 in November 2023

Kyriacos Nicolaou