Russia

Russia’s central bank has extended the restrictions on overseas transfers from non-residents of unfriendly countries from broker accounts for an additional six months. The restrictions have been in place since April 1, 2022. During a State Duma Committee meeting on September 20, Deputy Finance Minister Alexei Moiseev suggested the possibility of restoring partial currency controls to manage capital outflows to friendly countries. However, Deputy Chairman of the Central Bank Alexei Zabotkin emphasized that the regulator doesn’t support tightening foreign exchange controls.