Russia's Central Bank to Lift Foreign Currency Transfer Restrictions for 'Friendly' Nations and Citizens

Restrictions Eased Amid Stable Market

The Central Bank of Russia announced today, December 5, 2025, its decision to lift restrictions on foreign currency transfers abroad for Russian citizens and non-resident individuals from 'friendly' countries. The new policy will take effect on December 8, 2025. This move comes more than four months ahead of the previously scheduled expiration of some limits, which were set to remain until March 31, 2026.

According to the regulator, the decision is a direct result of the 'stable situation in the foreign exchange market'.

Background of the Restrictions

The initial foreign currency transfer restrictions were introduced in March 2022 as an emergency measure. These controls were implemented to safeguard Russia's financial system against the impact of extensive Western sanctions, a depreciating ruble, and a rapid outflow of capital following geopolitical events.

Under the previous rules, individuals were limited to transferring up to $1 million per month through banks and $10,000 per month via money transfer systems.

Remaining Limitations and 'Friendly' Countries

While significant restrictions are being lifted, some limitations will remain in place, primarily affecting individuals and entities from countries deemed 'unfriendly' by Russia. These include nations that have imposed sanctions on Russia.

• Non-residents from 'unfriendly' countries who are not employed in Russia, along with legal entities from such states, will continue to face a complete ban on transfers abroad.
• Non-resident individuals from 'unfriendly' countries working in Russia will be permitted to transfer funds abroad only up to the amount of their salaries.

These specific restrictions for 'unfriendly' countries are slated to remain in effect until at least June 7, 2026. However, certain exceptions apply, such as for foreign companies controlled by Russian legal entities or individuals, and for foreign investors utilizing special 'Type-I' investment accounts. Additionally, banks from 'unfriendly' countries can still conduct ruble-denominated transfers through correspondent accounts in Russian lending institutions.

The list of 'friendly' countries, which has expanded over time, includes more than 30 nations that have not imposed sanctions on Russia. Notable examples include China, India, Brazil, and several former Soviet republics such as Azerbaijan, Armenia, Belarus, and Kyrgyzstan, as well as various countries in Africa, Asia, and the Middle East.