Russian Central Bank raises limit on monthly wire transfers to $1mlnJuly 1, 2022 - 12:30 AMT PanARMENIAN.Net - The Central Bank of Russia said on Thursday, June 30 that it would allow Russians to wire up to $1 million to foreign accounts, from the previous limit of $150,000, starting July 1, United News of India says. "Since 1 July 2022, individuals — Russian residents may transfer no more than 1 million US dollars or an equivalent amount in another foreign currency during one calendar month from their accounts with a Russian bank to their foreign accounts or to another individual abroad," the regulator said in a statement. The central bank noted that a similar threshold has been set for transfers made by residents of friendly states. "The limits on money transfers have been raised owing to a stable situation in the domestic foreign exchange market," the statement read. On February 24, Russia began a war in Ukraine, which was followed by the United States and its allies imposing comprehensive sanctions against Russia. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham). Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills |