In line with many financial institutions, IBKR has reduced exposure to the Russian Ruble, (“RUB”) and has discontinued all cashiering services for Russian Rubles, including all withdrawals and currency conversions.

Specifically:

Deposits in RUB: IBKR is no longer accepting deposits of RUB.  Any deposit in RUB will be rejected.

IBKR will periodically convert RUB balances to USD or EUR, depending on the IBKR entity with which you have an account.  

• IBKR will convert RUB to USD or EUR according to your IBKR entity:

Withdrawals in RUB: IBKR is not able to accommodate RUB withdrawals at this time.

Base Currency: IBKR does not currently allow clients to maintain RUB as their base currency.  If you previously used RUB as your base currency, we converted it to USD or EUR depending on which IBKR entity your account is with (see chart above).

IBKR is fully committed to complying with all applicable sanctions laws. We appreciate your cooperation and your business.