First published on the NIDO Russia Telegram channel.
Russian President Vladimir Putin has banned Russian residents from crediting foreign currency to bank accounts outside the country, follows from the decree of the head of state, published on the Kremlin website.
Without the permission of the Central Bank of Russia, no operations to pay for a share, contribution or share in the property of a foreign company will be allowed. The financial regulator was also given the right to allow residents of the Russian Federation not to sell part of their foreign exchange earnings when it comes to repaying a loan.
This is a supplement to the March 1st decree. "From March 1, 2022, from March 1, 2022, residents will be prohibited from crediting foreign currency to their accounts (deposits) opened in banks and other financial market organizations located outside the territory of the Russian Federation," the document says. According to the decree, it was also prohibited to transfer funds without opening a bank account using electronic means of payment provided by foreign payment service providers.
Recall that we had published the list of 7 debit cards with MIR or Union Pay that can be used to make international payments. See link to that article below.
7 debit cards with MIR or Union Pay that can be used during the sanctions period.
Source: Ria Novosti/Rg.ru
