Russian President Vladimir Putin on Tuesday signed a decree that prohibits taking greater than $10,000 value of overseas forex in money and “monetary instruments” out of Russia.
The transfer is available in response to the crippling sanctions Western nations have imposed on Russia over its invasion of Ukraine, which this week tanked the ruble
RUBUSD,
+1.08%
and despatched Russians flocking to banks and ATM in worry for the destiny of their financial savings.