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Russia’s Finance Ministry Drops Planned ATM Cash Deposit Cap
WHY IT MATTERS
The removal keeps banks free to accept deposits above 1 million rubles, maintaining current cash flow patterns and leaving the oversight of large cash movements unchanged.
What happened
Russia’s Finance Ministry has abandoned a proposal to limit cash deposits made through ATMs to 1 million rubles per transaction. The draft amendments, which were slated to take effect in fall 2026, were part of a broader effort to tighten oversight of cash circulation after President Vladimir Putin called for “order” in late 2025.
Deputy Finance Minister Alexey Moiseev confirmed the plan is no longer under discussion, but did not explain the rationale for the reversal. The decision comes amid regional internet restrictions that have already limited card and ATM usage.
The move leaves banks able to continue accepting larger cash deposits without new regulatory limits.
PRIMARY SOURCES
Russia’s Finance Ministry drops plan to limit cash deposits via ATMs.
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