Putin tightened the rules for the export of national currency from Russia

Russian President Vladimir Putin has tightened the rules for exporting the national currency from the country. The corresponding decree is posted on the portal of legal information of the Russian Federation, reports sb.by.

According to the document published on September 29, the ban applies to the export of Russian rubles to the EAEU member states, as well as Azerbaijan, Tajikistan and Uzbekistan.

Individuals are prohibited from exporting cash from the territory of the Russian Federation in the amount of more than 1 million Russian rubles.

Legal entities and individual entrepreneurs are prohibited from exporting cash Russian rubles to the listed countries, regardless of the amount.

“To establish a ban on the export from the Russian Federation to the member states of the Eurasian Economic Union, the Republic of Azerbaijan, the Republic of Tajikistan and the Republic of Uzbekistan of cash currency of the Russian Federation by individuals in the amount exceeding 1 million Russian rubles, legal entities and individual entrepreneurs, regardless of the amount,” the decree says.

In case of violation of the ban for individuals, it is provided for the withdrawal of an amount exceeding 1 million Russian rubles for legal entities and individual entrepreneurs - all cash exported. The Government of the Russian Federation, together with the Central Bank of the country, was instructed to approve the procedure for accounting for exported cash within three months.

The decree comes into force from the date of its signing.