Russia’s central bank announced on Thursday that it was imposing restrictions on Russian businesses’ access to foreign currency for at least the next six months.
During the six-month period, Russian companies and Russian businessmen who need US dollars, Japanese yen, British pound sterling or euros in cash can raise just $ 5,000 – and only for business trips abroad.
The central bank, which has been taking steps for days to ensure that there will be no foreign exchange outflows from Russia due to sanctions imposed on the country for its invasion of Ukraine, said in a statement that the $ 5,000 limit could to be increased only in special cases and after consultation with the regulatory authorities.
Source: Capital
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