The export of amounts of or over USD10,000 or its equivalent is forbidden, even if it can be shown that a larger amount was imported earlier and declared at arrival.

The import of currency into the Russian Federation remains free.

Withdrawal of cash dollars from foreign currency bank accounts opened before 8 March 2022 is limited to USD10,000. The delivery of the cash dollars is subject to delays for accounts held at banks other than the Sberbank, the government bank. Larger amounts may be withdrawn in Russian rubles at the current Central Bank rate.

It is virtually impossible to buy U.S. dollars and other hard currencies at the bank rate. There is an informal market at about 10% over the bank rate.

Bank transfers to foreign countries are limited to USD5,000 per calendar month, but are not allowed for citizens of the 43 countries that imposed sanctions of the Russian Federation. 

This information has been collected from several sources.

Click here to order the MRI BANKERS’ GUIDE TO FOREIGN CURRENCY™

*** Would you like to share your comments, corrections or news? Please contact info@mriguide.com

©2022  MRI BANKERS’ GUIDE TO FOREIGN CURRENCY™. All rights reserved.