U.S. Treasury building in Washington DCMOSCOW, Mar 12The ban on the supply of cash dollars from the United States to Russia does not affect one-time cases of exporting personal savings for non-commercial purposes, the US Treasury said. «All transactions … that are household and one-time in nature and are necessary for the non-commercial transfer of personal funds denominated in US dollars, i) from the United States or from a US person, regardless of location, to an individual located in the Russian Federation; or (ii) to a US individual located in the Russian Federation, are allowed,» the general license issued by the agency says.
The Central Bank temporarily banned banks from charging a commission for issuing cash The ban on the export of cash dollars from the United States to Russia was introduced on Friday by decree of President Joe Biden as part of a new package of sanctions due to events in Ukraine. the procedure for cash transactions, which will be valid for six months. The innovation came into force on March 9 and will work until September 9, 2022. «All client funds on foreign currency accounts or deposits are saved and accounted for in the deposit currency, the client can withdraw up to ten thousand US dollars in cash, and the rest of the funds in rubles at the market rate on the day of issue,» the Central Bank said in a statement. clarified that the basis for the market rate on the day of issuance will be data on the weighted average rate of the respective currencies. It, in turn, is calculated according to deals that were concluded on the day preceding the day of issuance.The expert called the «honest» exchange rate of the ruble without regard to politicsThe Central Bank explained that the conversion into dollars will take place at the market rate on the day of issue. To receive the currency, you will need to contact the cash desk of the bank. Withdrawal of funds from foreign currency deposits or accounts will be available in all financial institutions.Special military operation in UkraineVladimir Putin on February 21, in response to the requests of the Donbass republics and after the appeal of the State Duma deputies, signed decrees recognizing the sovereignty of the LPR and the DPR. Early on the morning of February 24, Russia launched a special military operation to demilitarize Ukraine. Putin called its goal «the protection of people who have been subjected to bullying and genocide by the Kiev regime for eight years.» With the support of the Armed Forces of the Russian Federation, the military of the DPR and LPR are developing the offensive. As Putin emphasized, there is no question of the occupation of Ukraine. After the start of the special operation, many Western countries imposed large-scale sanctions against Moscow, primarily against the banking sector and the supply of high-tech products. In addition, many brands and services have announced the cessation of work in the country. As the press secretary of the President of Russia Dmitry Peskov said earlier, the Western sanctions are very serious, Russia was preparing for them in advance. He added that they require analysis and coordination of departments in order to develop response measures that are in line with Russia's interests. Europe, so decided Washington
