Central Bank of Russia extends foreign cash withdrawal restrictions and fee ban until 9 September 2026

The Central Bank of Russia has extended for another six months, until 9 September 2026, the restrictions on foreign cash withdrawals that it says remain necessary because sanctions prevent Russian financial institutions from purchasing cash from Western countries. Individuals who opened foreign currency accounts or deposits before 9 March 2022 may still withdraw foreign currency equal to their balance at 00:00 Moscow time on that date, capped at USD 10,000 or the equivalent in EUR regardless of the account currency, provided they have not already used that option. Any remaining balance may be withdrawn in RUB. For funds credited before 9 September 2022, the payout cannot be less than the amount calculated at the Bank of Russia exchange rate on the withdrawal date, while funds credited after that date are paid at the bank's exchange rate on the withdrawal date. The ban on charging individuals a fee for foreign cash withdrawals has also been extended for six months. Foreign funds transferred without opening an account or via electronic wallets are paid out in RUB at no less than the amount calculated at the Bank of Russia exchange rate on the withdrawal date. For legal entities, non-residents remain unable to withdraw cash in USD, EUR, GBP, or JPY, while resident legal entities may withdraw those currencies over the next six months only to cover business travel expenses within legal limits. Other foreign currencies are not subject to these restrictions, subject to Russian legal requirements.