Kremlin publishes Putin decree banning cash exports above 1 million rubles

  • President Putin signed a decree prohibiting cash exports above 1 million rubles.
  • 1 million rubles equals approximately $12,000 or about 85,000 yuan.
  • Kremlin published the order on September 29 amid tighter cross-border controls.

The Kremlin published the official text on September 29 of a decree signed by President Putin prohibiting the export of more than 1 million rubles in physical cash from Russia to neighboring countries. The threshold is approximately $12,000, or about 85,000 yuan. The order introduces a cap on outbound cash movements as authorities tighten cross-border financial controls amid economic sanctions and geopolitical tensions.

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