meta_id 3205842

On June 1, 2026, the Bank of Russia announced it would maintain existing restrictions on outbound fund transfers for non-residents from unfriendly countries through December 7, 2026. The restrictions apply to two categories of non-residents from unfriendly nations. First, individual non-residents working in Russia may transfer funds abroad only up to the amount of their salary. Second, the Bank of Russia prohibits fund transfers abroad for non-working individual non-residents from unfriendly countries and for legal entities from such states. This prohibition does not apply to foreign companies under the control of Russian legal entities or individuals. The restrictions exclude certain transactions. Foreign investors transferring funds into the Russian financial market may move money from "In" accounts to overseas accounts without restriction. Additionally, banks from unfriendly nations may conduct ruble transfers using correspondent accounts held at Russian credit institutions, provided both the payer's and recipient's accounts are held at foreign banks. The Bank of Russia's decision maintains the current framework governing capital flows involving residents and non-residents of unfriendly countries, reflecting ongoing geopolitical tensions and Russia's financial market protection measures. These restrictions significantly impact international business operations, remittances, and investment flows involving Russian financial institutions and non-residents from designated unfriendly nations. The restrictions remain in effect through December 7, 2026, after which the Bank of Russia may reassess the framework.