Central Bank: Only banks that have been sanctioned since August 8 may not conduct new foreign exchange transactions

This, according to RIA Novosti, was explained in the Bank of Russia.

It is noted that the introduction of such measures is aimed at encouraging businesses not to keep money in banks in "toxic" currencies, not to accumulate foreign currency balances on accounts.

On August 8, Russian President Vladimir Putin signed a decree providing for a temporary procedure for fulfilling foreign exchange obligations under bank deposit agreements and obligations under bonds issued by foreign organizations.

It follows from the decree that Russian banks, whose assets in foreign currency abroad are frozen, will be able to suspend operations with businesses in this currency until restrictive measures are lifted.

In particular, the transfer and issuance of funds may be frozen.