Russian residents and non-residents from countries that don't support Western sanctions can transfer more money abroad. AdvertisementRussia's central bank announced Friday it would ease restrictions on money transfers going out of the country for residents and non-residents from countries that don't support Western sanctions. Previously, the central bank had a $5,000 limit for non-Russians transferring money out of the country, among various other restrictions. Meanwhile, foreign clients still cannot sell securities through Russian brokerages, and the central bank has limited the amount of dollars Russians can pull from foreign-currency accounts. AdvertisementAfter the ruble crashed, Russians turned to a black market for dollars and euros.

Source: Economic Times April 02, 2022 02:25 UTC