This is stated in the decree "On the repatriation by residents - participants in foreign economic activity of foreign currency and the currency of the Russian Federation", signed by the head of state.

“To grant the Government Commission for Control over Foreign Investments in the Russian Federation the authority to impose restrictions on the crediting of foreign currency by residents to their accounts (deposits) opened in banks and other financial market organizations located outside the territory of the Russian Federation.”

This will also apply to funds transfers without opening a bank account using electronic means of payment "provided by foreign payment service providers."

On June 7, a subcommittee under the Ministry of Finance of Russia allowed exporters to credit foreign exchange earnings to foreign accounts.

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