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Global Trade Alert

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Russian Federation: 30% commission on foreign currency purchases by individuals

Description

On 3 March 2022, the Central Bank of the Russian Federation imposed a 30% commission on foreign currency purchases on currency exchanges. The commission applies to individuals purchasing US dollars, e...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

03 Mar 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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