Movement of Funds Abroad from June 1: What Changes for Russians
As of June 1, 2026, key amendments to currency legislation regarding the control of fund movements abroad come into force.
For all Russian currency residents (citizens and foreign residence permit holders who spent more than 183 days in Russia during 2025), the deadline for submitting a report on the movement of funds in foreign accounts and electronic wallets for the entire previous year of 2025 is exactly June 1, 2026, inclusive.
An important nuance applies: if your account is opened in an EAEU country or a state that automatically exchanges financial information with Russia, you need to report only if your balance or turnover exceeds 600,000 rubles. For accounts in "unfriendly" or "non-transparent" jurisdictions, a notification must be filed regardless of the amount. Concurrently, until June 7, 2026, transitional relaxations remain in effect: for non-residents from unfriendly countries, transfer restrictions persist (only salaries are allowed), while ordinary citizens can transfer funds more freely, although fiscal control over assets already moved abroad is significantly tightening — the law's primary goal is to force the declaration of all foreign savings before the summer begins.
