On February 4, 2020 new rules for transporting money across the customs border of the Eurasian Economic Union came into force. From now on, a natural person transporting over 100 thousand US dollars at a time will need to provide documents confirming the cash origin. And also provide the customs declaration. This follows from the relevant Decision No. 130 of the Eurasian Economic Commission's Board dated August 6, 2019.
The Decision was prepared pursuant to the requirements of the EAEU Customs Code; it is aimed at implementing Recommendation 32 “Cash Couriers” of the Financial Action Task Force on Money Laundering (FATF).
The Recommendation had been developed to provide the FATF member countries with the measures to identify and stop (detain) funds and negotiable instruments that are physically transported across the border and can be used to finance terrorism or launder money.
The documents submitted must confirm the origin of cash and (or) monetary instruments declared in the passenger's customs declaration. They, for example, can include documents drawn up by credit institutions when performing conversion operations, withdrawing funds from an account, obtaining a loan, etc., or documents confirming the conclusion of civil law transactions (inheritance, gift, etc.).
In case of failure to submit the relevant documents, the transportation of cash and (or) monetary instruments across the EAEU customs border shall be prohibited.
In connection with the frequent appeals of citizens of the Russian Federation on the provision of consular assistance to them in the territory of the unrecognized Nagorno-Karabakh Republic (NKR), we inform that the capabilities of the consular Department of the Russian Embassy to Armenia assistance to persons in emergency situations in the NKR is very limited.
In case of a difficult situation on the territory of the NKR, Russian citizens should contact the Russian foreign Ministry directly by e-mail: ministry@mid.ru
When making a decision on trips to NKR we recommend to be guided by warnings of the Russian foreign Ministry on the undesirability of visiting armed conflict zones.
