Central Bank of Russia extended restrictions on cash withdrawal in banks

The Central Bank of Russia extended restrictions on cash withdrawal in banks for 6 months.

The written statement of the Central Bank of Russia says that the restrictions on cash withdrawal in banks are extended until September 9, 2024.

The statement states that Western countries, as part of the sanctions, introduced a ban for Russian banks and financial organizations to receive cash dollars and euros, and the decision to extend the restrictions was made due to the continuation of this ban.

by the decision adopted by the Central Bank of Russia in March 2022 in connection with the sanctions introduced by Western countries, citizens of the country can withdraw cash from their foreign exchange accounts in banks only in rubles.