The Ministry of Finance has developed a draft presidential decree as part of a strategy to "whiten" the economy and combat capital flight.
According to the proposals, individuals will be prohibited from exporting cash rubles to EAEU countries in amounts equivalent to more than $10,000 at the current exchange rate.
Exceptions will be made for international airports, but in this case, it will be necessary to notify the customs authorities. The notification must specify the source of the funds and the purposes for their use.
If the amount exceeds $100,000, customs will require documents confirming the legality of the funds' origin.
For legal entities and individual entrepreneurs (IE), there are no restrictions on duty-free export. They will be able to export any amounts of cash rubles only through international airports, after notifying the regulators in advance.
The restrictions will also apply to the precious metals market: individuals will be prohibited from exporting gold bars weighing more than 100 grams.
The export of free gold will only be permitted through the largest airports (Sheremetyevo, Domodedovo, Vnukovo, and Vladivostok) with a special permit from the assay office.
The new rules do 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 in Russia.
