Russia Imposes Stricter Cash Export Limits to Neighboring Countries
President Vladimir Putin has signed a decree significantly tightening restrictions on the amount of cash that can be taken out of Russia to seven neighboring countries: Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan. Individuals are now prohibited from exporting more than 1 million rubles (approximately $11,900) in cash to these nations. This marks a substantial reduction from the previous limit, which allowed individuals to move an amount in rubles equivalent to $100,000. For businesses, the new decree is even more stringent, completely prohibiting them from taking any amount of cash out of Russia to these countries. Violators among individuals face confiscation of any amount exceeding the 1 million ruble limit, while businesses attempting to export funds must surrender the entire cash amount. Exceptions are made for passengers traveling through designated international airports, official diplomatic missions, and individuals with bank confirmation of authorization. These ...