Starting from May 30, 2025, the procedure for transferring money from Russia to foreign countries will change. Now, Russian citizens and foreigners will not be able to send amounts exceeding 100,000 rubles without opening a bank account.
TASS reports that under the new regulations signed by the President of Russia in May last year, it will be impossible to transfer more than 100,000 rubles per transaction without a bank account.
Previously, there were no such restrictions, and foreign citizens, including migrants, could transfer any amount abroad by presenting only a passport.
Now, to send amounts exceeding 100,000 rubles, both Russian citizens and foreigners must provide a full set of documents to the bank. This includes a requirement for mobile wallets to undergo full verification or identification.
Under the new rules, Russian banks have the right to request additional information from senders when transferring more than 100,000 rubles — for example, the purpose of the transfer and the identity of the recipient.
Russian authorities state that the new procedure aims to combat the legalization of illegally obtained funds and the export of capital gained through criminal activities.
It should be noted that transfers from card to card are not subject to these restrictions.
Millions of labor migrants from Central Asian countries, including Tajikistan, work in Russia, and their remittances play an important role in the economies of their home countries.
According to a World Bank report, in 2024, remittances from Tajik labor migrants amounted to 45% of the country’s gross domestic product (GDP).
Last year, Tajik migrants transferred US$5.8 billion to Tajikistan — 27% more than in 2023 (more than US$1.5 billion increase). In 2023, the total volume of remittances was US$4.6 billion, which equaled 39% of the GDP.
