Economy23.05.2023 - 10:59

Putin instructed to introduce a limit of $1 billion on the purchase of foreign currency for transactions abroad

Residents of Russia will be limited to the purchase of foreign currency for transactions with foreign citizens.

Фото: from open sources

Russian President Vladimir Putin has ordered to limit the purchase of foreign currency for transactions with foreign nationals.

The head of state instructed to set a monthly limit of one billion dollars for residents to purchase currency for transfers abroad as part of the settlement of transactions that are approved by the government's investment control commission.

Putin set the task of implementing this order by early summer, June 1.

Responsibility for its implementation lies with the head of the Cabinet of Ministers Mikhail Mishustin and Chairman of the Bank of Russia Elvira Nabiullina.

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