Russian central bank imposes $10,000 limit on foreign cash withdrawals

Russia's central bank on Tuesday announced citizens with foreign currency accounts would not be allowed to withdraw more than $10,000 until Sept. 9 and said banks could not sell hard currency.

The bank, which earlier in the day announced a series of steps to help financial market players hit by foreign sanctions, said in a statement that regardless of what foreign currency clients held in their accounts, withdrawals would be paid in U.S. dollars.