off-the-wire

Russian central bank extends capital controls for 6 months

Kitco Media
By Reuters
Published:
Updated:
Reuters



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This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.


MOSCOW, March 6 (Reuters) - Russia's central bank on Monday extended for six months a number of emergency capital controls it introduced after Moscow sent tens of thousands of troops into Ukraine last year and the West imposed sweeping sanctions on Moscow. In a move flagged by Governor Elvira Nabiullina last week, the central bank said it was extending restrictions on the withdrawal of foreign currency until Sept. 9, 2023, as well as a ban on some commission charges that banks can levy. (Reporting by Reuters Editing by Gareth Jones)

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