Russia has extended restrictions on money transfers abroad for another six months, the Central Bank of Russia (CBR)announced Friday.Days after ordering troops to invade Ukraine in February 2022, President Vladimir Putin introduced the curbs which have beengradually eased in the months since as part of emergency measures to shield Russias economy from the impact of Western sanctions.The ban on transferring funds abroad remains in place for persons who dont work in Russia, i.e., non-residents and legal entities from unfriendly countries, the CBR said in a statement.Moscow refers to countries that have imposed sanctions against it as unfriendly.Banks from unfriendly countries are limited to transfers in Russian rubles within Russian banks, according to the CBRs statement.The transfer ban does not apply to foreign companies under the control of Russian citizens or entities.The curbs will be in effect between April 1 and Sep.
30, according to the CBRs statement.Russian citizens and non-residents from friendly countries will still be able to transfer up to $1 million including in foreign currencies to foreign banks within a month.A $10,000 monthly limit is imposed on money transfer systems, the CBR said.