Russia Tightens Cash Export Rules for Individuals, Businesses
Under the new rules, individuals cannot carry more than 1 million rubles ($12,300) in cash to members of the Eurasian Economic Union (EAEU), Azerbaijan, Tajikistan or Uzbekistan.
The restrictions also cover companies and individual entrepreneurs regardless of how much cash they intend to take abroad, according to the decree published on Russia’s official legal information portal.
Exceptions apply to cash transported through airports specifically designated by the Russian government, as well as cases where bank documents show that the money was withdrawn from an account held by the person exporting it.
Previously, individuals were allowed to take the equivalent of up to $100,000 in cash out of Russia, while Azerbaijan, Tajikistan and Uzbekistan were not covered by the restrictions.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept any
responsibility or liability for the accuracy, content, images, videos,
licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright issues
related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
