Russia central bank eases some curbs on transferring money abroad

Western sanctions imposed on Russia have limited the central bank's ability to support the rouble.

Russia's central bank said on Friday it was softening restrictions on foreign fund transfers for individuals for a six-month period.

The bank said the measures, which raise an earlier limit on funds that can be transferred abroad, did not apply to residents and non-residents from countries that had imposed sanctions against Russia over Ukraine. "Within a calendar month, individuals have the right to transfer no more than 10,000 U.S. dollars or the equivalent in another currency from the Russian Federation from their account in a Russian bank to their account or to another person abroad," the bank said in a statement.

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