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Putin bans forex transfers to outside Russia from March 1

WikiFX

| 2022-03-01

Abstract：Russian President Vladimir Putin ordered a ban on foreign exchange loans and transfers by Russian residents to outside of Russia from March 1

2022-02-28T160651Z_1_LYNXMPEI1R0WL_RTROPTP_3_RUSSIA-MARKETS.jpg

Russian President Vladimir Putin ordered a ban on foreign exchange loans and transfers by Russian residents to outside of Russia from March 1, the Kremlin said on Monday, in retaliation for economic sanctions imposed on Moscow by the West.

Putin also signed into a law an order for exporting companies to sell 80% of their forex revenues received from Jan 1, 2022, on the market.

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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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