The Central Bank extended the ban for non-residents on transfers abroad from broker accounts
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The Bank of Russia has extended restrictions on transfers abroad of funds from non-residents of unfriendly countries from broker accounts for six months. This is reported in press release regulator
“The restrictions apply to transfers from accounts of both individuals and legal entities opened with Russian brokers and trustees,” the message says.
Such restrictions were first introduced on April 1, 2022. The Central Bank said in a statement that the decision to extend them “was made to maintain financial stability.” Last time the Central Bank extended restrictions in April – until September 30.
At a meeting of the State Duma Committee on the Financial Market on September 20, Deputy Finance Minister Alexei Moiseev said that the government was considering the idea of partially restoring currency controls in order to curb the outflow of capital to friendly countries. At the same meeting, Deputy Chairman of the Central Bank Alexei Zabotkin said that the regulator does not support tightening foreign exchange controls.
More details in the text “Kommersant” “Capital outflow has changed direction”.
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