Central Bank of Russia extends restrictions on transferring funds abroad belonging to unfriendly non-residents from broker accounts

MOSCOW. March 24 (Interfax) - The Central Bank of Russia has extended the restrictions on transfers abroad of funds belonging to non-residents from unfriendly countries held in broker and asset manager accounts for another six months, the bank said in a statement.

These operations will remain suspended by the Central Bank from April 1 until October 2025. The restrictions apply to transfers from accounts of both individuals and legal entities opened with Russian brokers and asset managers. The measures were initially introduced on April 1, 2022.

The decision was made to maintain financial stability, the bank said.