It has become known that the draft decree was developed by the Ministry of Finance as part of a program to combat capital outflow and "whitening" the economy.
According to the proposed document, individuals will be prohibited from exporting cash rubles to EAEU countries in amounts exceeding the equivalent of $10,000 at the current exchange rate.
Exceptions will be made for international airports; however, in this case, citizens will need to notify customs authorities of their intentions. The notification must indicate the source of the funds and the purpose of their use.
If the export amount exceeds the equivalent of $100,000, customs authorities will require official documents confirming the legality of these funds.
As for legal entities and individual entrepreneurs, there will be no limit on the duty-free export of cash rubles for them. They will be able to transfer any amounts only through international airports, also subject to mandatory notification of regulators.
The restrictions will also affect the precious metals market. Individuals will be prohibited from exporting gold bars weighing more than 100 grams.
Export will only be allowed through major airports such as Sheremetyevo, Domodedovo, Vnukovo, and Vladivostok airport, provided there is a special permit from the assay office.
The new rules do not apply to credit organizations.
It should be noted that since March 2022, there has already been a restriction on the export of cash foreign currency over $10,000 in Russia.
