Views Article – Sharenet Wealth

Europe, Forex

Russia allows residents to send security trading proceeds to foreign accounts

* This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.

MOSCOW, June 23 (Reuters) – Russia has scrapped a ban on Russian residents channelling funds they raise in securities trading with non-residents to foreign banks’ accounts, the finance ministry said on Thursday.

The decision came into force on June 17, the ministry said.

Russia is gradually relaxing capital controls it imposed shortly after sending tens of thousands of troops into Ukraine on Feb. 24.

(Reporting by Reuters; Editing by Andrew Heavens)

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