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Putin signs law restricting money transfers from Russia to Ukraine
Journal Staff Report

MOSCOW, April 4 - Russian President Vladimir Putin has signed a law restricting money transfers from Russia to Ukraine using foreign payment systems.

The law was published on the official legal information website on April 4.

The State Duma passed the law on March 22 and the Federation Council passed it on March 29.

According to the amendments, if a foreign state imposes bans on payment systems whose operators are registered by the Russian Central Bank, a trans-border transfer from Russia to the territory of such state can only take place through an operator controlled by Russian legal entities. These rules will apply to transfers without the creation of bank accounts.




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