Central Bank of Russia extends restrictions on transfers abroad by non-residents from unfriendly states from brokerage accounts

MOSCOW. Sept 23 (Interfax) - The Central Bank of Russia has extended restrictions for non-residents from unfriendly states to transfer money abroad from brokerage and trust management accounts, the regulator said in a press release.

These transactions will be suspended for another six months from October 1, 2024, it said. The restrictions are applicable to money transfers from both individuals' and legal entities' accounts opened with Russian brokers and trust managers. They were introduced on April 1, 2022.

This decision was made to maintain financial stability, the Central Bank said.