No bank fees for cash foreign currency withdrawals by individuals until 9 March 2027

What it says⧉

From 9 September 2026 until 9 March 2027 banks may not charge individuals for issuing cash foreign currency up to the balance held at 00:00 on 9 March 2022 on any of their foreign-currency accounts and deposits with that bank, nor for converting that balance into US dollars or euros for issue. It continues a series of six-monthly decisions (for example of 5 September 2024).

Status, October 2026⧉

In force until 9 March 2027 (navigator card 11.8).

Unofficial translation⧉

Unofficial translation by BCA Unternehmensberatung UG. Only the Russian text is authoritative: Russian original on usd.bcaun.com · publication of the Bank of Russia ↗. Notes on provisions no longer applied are editorial and not part of the document.

The Board of Directors of the Bank of Russia on 28 August 2026 decided:

In accordance with paragraph 2 of Article 20 of Federal Law No. 46-FZ of 8 March 2022 “On Amendments to Certain Legislative Acts of the Russian Federation”, to establish that from 9 September 2026 until 9 March 2027 a credit institution may not charge individuals a fee for issuing them cash foreign currency in the amount of the balance as at 00:00 Moscow time on 9 March 2022 from any of their deposits or accounts in foreign currency (irrespective of the currency of the account or deposit) opened with that credit institution, nor charge a fee for converting foreign currency in the amount of the balance as at 00:00 Moscow time on 9 March 2022 into US dollars or euros carried out in order to issue cash foreign currency to individuals from any of their deposits or accounts in foreign currency (irrespective of the currency of the account or deposit).

Operations that rest on it⧉