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DAILY NEWS OF HAINAN ISLAND:

How much cash can be imported to Hainan, China from Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan and exported back

The Board of the Eurasian Economic Commission established the size of cash or monetary instruments - 100 thousand US dollars, above which, when passing through the customs of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan, it will be necessary to confirm the origin of this money and submit documents for confirmation.

 

For customs violations, the tourist is liable in accordance with the national legislation of a state; for Russia, liability is established in Art. 16.4 of the Code of Administrative Offenses and provides a fine of 50 to 200% of the undeclared amount or confiscation of money.

 

Now we are talking about the need to provide supporting documents if the amount exceeds 100 thousand US dollars, but the obligation to declare if the amount of money transported exceeds 10 thousand US dollars is not canceled.

 

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