ANOSINO /Moscow Region/, March 2. /TASS/. All capital movement restrictions that were introduced last year and are expiring will be extended, Governor of the Bank of Russia Elvira Nabiullina said on Thursday.

"Restrictions on capital movement and foreign currency were both critical to quickly stabilize the situation. We were able to lift or reduce many of them during over the year. However, fundamental changes in the current circumstances cannot be anticipated in the future, and therefore restrictions must be retained. The deadlines for such restrictions, such as limits on cash withdrawals from bank accounts and transfers of funds abroad, and restrictions on non-residents withdrawing funds from hostile countries, are approaching. They will all be extended," she said.

In early March 2022, against the backdrop of Western sanctions and volatility in the financial market, the Bank of Russia limited the circulation of foreign currency cash in the country. The regulator banned the purchase of cash foreign currency by individuals and limited its withdrawal from existing deposits in the amount of $10,000 for a period of six months - from March 9 to September 9. Later, the Bank of Russia extended these restrictions for another six months, until March 9, 2023.