Holders of foreign currency accounts in Russian banks will not be able to withdraw more than $10,000 until September 9. If they want to withdraw more money, they will have to do so in rubles, at the official rate of the day, in accordance with the new provisions.
The delivery of the required amount of dollars will also not be immediate, since “the routing of the requested amount to a specific bank branch may take several days,” the BC warned.
The ruble hit its all-time low against the dollar on Monday.
The Russian economy is hit by the sanctions imposed after the invasion of Ukraine on February 24, directed primarily against the Bank Central and major Russian banks.
On Tuesday, the sanctions moved to a higher level, when President Joe Biden decreed an embargo on US imports of Russian oil and gas.
