Russia bans the export of more than 10,000 US dollars
Published: 03.03.2022
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In Russia, alongside currency-control measures concerning legal entities, restrictions have now also been imposed on individuals, prohibiting them from taking more than 10,000 US dollars in cash out of the country.
"As of 2 March 2022, the export from the Russian Federation of foreign currency in cash and/or monetary instruments denominated in foreign currency in an amount exceeding the equivalent of 10,000 US dollars (8,959 euros), calculated at the official exchange rate of the Central Bank of Russia set for the date of export, shall be prohibited," says an order by Russian President Vladimir Putin published by the Kremlin press service.
On Tuesday, Putin signed the order "On Temporary Additional Economic Measures to Ensure the Financial Stability of the Russian Federation".
Under the order, persons from "unfriendly countries" may conduct transactions involving securities and real estate only with the permission of a government commission. The same applies to the issuance of loans in rubles.
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