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Russia Says Debt Payments Abroad Hinge on Unfreezing of Reserves

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Reuters

Russia’s central bank tightens access to hard currency further

During the period of restrictions from March 10 to Sept. 10, local companies and entrepreneurs who want U.S. dollars, Japanese yen, British pounds and euros in cash can receive only up to $5,000 worth and only to pay for overseas work trips. The Bank of Russia, whose gold and foreign currency reserves were frozen under the sanctions, added in a statement on its website that the $5,000 limit could be increased in special circumstances in consultation with the regulator.

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