Hello,
It’s not always possible for me to reply right away, as this site doesn’t like VPN use.
My Russian friends have stayed in Russia because they support certain restrictions linked to the special operation in Ukraine and fully understand them.
There are no restrictions! That’s the reality in Russia.
I have European (EU) friends who’ve had their bank accounts closed, and the bank isn’t required to justify its decision—racial profiling, a name that sounds too Slavic, etc., allows banks to close an account without explanation. (EU laws.)
And in the US, it’s the same, even if you’re the president! (currently in court)
Donald Trump vs. JPMorgan Chase: alleges account closures for political reasons.
Trump Organization vs. Capital One: accuses the bank of mass closures of Trump-linked accounts for ideological motives.
I can confirm that when entering Russia, the dollar isn’t sanctioned, but for the euro, it depends on the customs officers’ discretion, and the allowed amount varies by crossing point.
Note that Russia is currently considered by the EU to be a country engaged in money laundering. (latest sanctions)
If you’re traveling to Russia with large sums (potentially over $10,000 or 9,300 €), it’s better to go through Turkey or a Middle Eastern country (Asia or Africa).
For large sums, you’ll need to declare them in Russia, but it’s not a problem.
New, unmarked bills are preferred, but often not checked—machines handle the verification, which is faster. For a good exchange rate in Russia, I recommend Energotransbank (Moscow, St. Petersburg).
Be careful: the EU allows you to take out 10,000 €, and Russia allows you to bring in $10,000 without declaration. I’d advise checking the exchange rate before entering Russia.
The euro and dollar are different.
Best regards,
Patrick
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