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Russia allows residents to send security trading proceeds to foreign accounts
Abstract：Russia allows residents to send security trading proceeds to foreign accounts
Russia has scrapped a ban on Russian residents channelling funds they raise in securities trading with non-residents to foreign banks' accounts, the finance ministry said on Thursday.
The decision came into force on June 17, the ministry said.
Russia is gradually relaxing capital controls it imposed shortly after sending tens of thousands of troops into Ukraine on Feb. 24. For more forex news, please download WikiFX - the Global Dealer Regulatory Inquiry APP.
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