CBR extends restrictions on transferring abroad "unfriendly" nonresidents' funds in brokerage accounts

MOSCOW. Sept 29 (Interfax) - The Central Bank of Russia (CBR) has extended restrictions on transferring money nonresidents from "unfriendly" countries have in accounts with brokers and trust managers out of the country for another six months, the CBR said.

The CBR said it will prohibit such transactions for the period from October 1, 2025 to April 2026 in order to maintain financial stability. The restrictions, which were first introduced on April 1, 2022, apply to transfers from the accounts of both individuals and legal entities opened with Russian brokers and trust managers.

The restrictions do not apply to the repatriation of funds from "In" accounts that nonresidents can open for investing in the Russian financial market under presidential decree No. 436 On Additional Guarantees for the Rights of Foreign Investors.