Russian Central Bank raises limit on monthly wire transfers to $1mlnJuly 1, 2022 - 12:30 AMT PanARMENIAN.Net - The Central Bank of Russia said on Thursday, June 30 that it would allow Russians to wire up to $1 million to foreign accounts, from the previous limit of $150,000, starting July 1, United News of India says. "Since 1 July 2022, individuals — Russian residents may transfer no more than 1 million US dollars or an equivalent amount in another foreign currency during one calendar month from their accounts with a Russian bank to their foreign accounts or to another individual abroad," the regulator said in a statement. The central bank noted that a similar threshold has been set for transfers made by residents of friendly states. "The limits on money transfers have been raised owing to a stable situation in the domestic foreign exchange market," the statement read. On February 24, Russia began a war in Ukraine, which was followed by the United States and its allies imposing comprehensive sanctions against Russia. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |