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HomeTrading NewsPutin signs decree to prohibit leaving Russia with more than $10,000 in foreign currency

Putin signs decree to prohibit leaving Russia with more than $10,000 in foreign currency

Russian President Vladimir Putin on Tuesday signed a decree that prohibits taking more than $10,000 worth of foreign currency in cash and “monetary instruments” out of Russia.

The move comes in response to the crippling sanctions Western nations have imposed on Russia over its invasion of Ukraine, which this week tanked the ruble
RUBUSD,
-0.48

and sent Russians flocking to banks and ATM in fear for the fate of their savings.

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