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Putin Bans Export of Rubles and Gold Above $100k to Eurasian Union Starting April
9 articles |
Updated 1d ago |
Created 2d ago
On March 24 at approximately midnight local time in Moscow and St. Petersburg as part of a new decree by President Vladimir Putin starting April 35 from the year, physical persons will be prohibited under Russian law for exporting to Eurasian Economic Union countries cash rubles exceeding $100 thousand or refined gold without special permission; this measure is intended to prevent capital flight following recent sanctions and currency devaluation pressures.
Key Points
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1Starting April 26, individuals will be prohibited from exporting cash rubles and refined gold to EAEU countries if the total amount exceeds $100,000.
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2Russian President Vladimir Putin has officially tightened regulations on taking physical currency out of Russia into Eurasian Economic Union member states.
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3The new restrictions specifically target individuals rather than businesses or other entities involved in cross-border financial movements.
Developments
[Mar 25, 19:04]
Putin has restricted the free export of cash rubles and refined gold from Russia to EAEU countries (Theins.ru).