The Central Bank of Russian is introducing temporary rules for cash foreign currency operations for businesses and individual entrepreneurs.
Russian Forex regulation
A client can withdraw up to $10,000 in foreign currency cash, with the remainder to be withdrawn in Russian rubles.
Sberbank has issued a statement on the new rules for foreign currency transactions introduced by the Central Bank of Russia.
The Central Bank of Russia is reducing the commission for Forex purchases by individuals from 30% to 12%.
Russia’s Association of Forex Dealers (AFD) will suspend all control checks, including unplanned inspections of its members.
The Central Bank of Russia has announced a set of new measures for stabilising the financial markets.
In light of the current market situation, the Central Bank of Russia has banned short selling on the Russian exchanges and OTC markets.
The Central Bank of Russia received 2,800 complaints concerning securities market participants in 2021, up 67.3% from the previous year.
Under a new law, the Central Bank of Russia will be able to more easily initiate the blocking of fraudulent investment websites.
The Central Bank of Russia has published a list of firms whose activities are illegal in Russia, including hundreds of Forex firms.