Export of gold and large sums in rubles from Russia will come under strict control
According to the agency, the Ministry of Finance has prepared a corresponding draft presidential decree as part of a strategy to "whiten" the economy and combat capital flight.
Under the proposed measures, individuals will be prohibited from exporting cash rubles from Russia in amounts exceeding the equivalent of 10,000 dollars at the current exchange rate to EAEU countries.
The only exception will be international airports; however, citizens must notify customs authorities, indicating the source of the funds and the purpose of use.
If the amount exceeds the equivalent of 100,000 dollars, official documents confirming the legality of the export of funds will be required.
For legal entities and individual entrepreneurs (IE), there is no threshold for duty-free export. They will be able to transfer any amounts of cash rubles only through international airports with mandatory notification of regulators.
Additionally, restrictions will also apply to the area of precious metals: individuals will be prohibited from exporting gold bars weighing more than 100 grams.
Permission for the free export of gold will only be possible through the largest airports (Sheremetyevo, Domodedovo, Vnukovo, and Vladivostok) with the acquisition of a special permit from the assay office.
The innovations will not affect credit organizations.
It should be noted that since March 2022, there has already been a ban on the export of cash foreign currency exceeding 10,000 dollars in Russia.
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