Russians allowed to open accounts in foreign banks

RUSSIA - Russia's Central Bank allowed Russian citizens to open accounts in foreign banks for non-business purposes, according to the CBR ruling, published in CBR's official bulletin today, 19 September. The ruling takes affect in ten days.

According to the ruling, Russian citizens are allowed to open accounts in foreign banks in countries-members of the Organization for Economic Cooperation and Development or the Financial Action Task Force.

Russian citizens are allowed now to transfer money t