Russia extends restrictions on foreign currency cash withdrawals
Xinhua
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MOSCOW, March 6 (Xinhua) -- Russia's central bank said Friday it has extended restrictions on foreign currency cash withdrawals for another six months until Sept. 9, 2026.

Photo taken on February 25, 2022 shows the main building of Bank of Russia in Moscow, Russia.(Photo: Xinhua)

In a statement, the Bank of Russia said the decision preserves existing limits on individual withdrawals.

The regulator said customers whose foreign currency accounts or deposits were opened before March 9, 2022, may withdraw up to the amount held in their accounts as of 0:00 Moscow time that day, capped at 10,000 U.S. dollars or the equivalent in euros, regardless of the account's currency, if they have not used that option.

Any remaining funds in foreign currency accounts or deposits can be withdrawn in Russian rubles, said the bank.

Russia first imposed the restrictions in March 2022 after Western countries slapped financial sanctions on Russia. The central bank has extended the measures several times since then.