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The Russian Sberbank will close its office in the UAE – sanctions prevent work

The Russian Sberbank will close its office in the UAE – sanctions prevent work

Russian ‘Sber’ will close its representative office in the United Arab Emirates at the beginning of 2023. The reason is that the office faced restrictions in its work due to sanctions. The Bell writes about it. ‘Unfortunately, due to the sanctions, we are facing serious restrictions on the work of our office in Abu Dhabi […]

State banks of Turkey have stopped servicing Russian ‘mir’ cards

State banks of Turkey have stopped servicing Russian ‘mir’ cards

Turkey’s state banks Ziraat, VakifBank and Halkbank have stopped servicing the Russian ‘mir’ payment cards. This is reported by the Russian NTV with reference to the Turkish channel. It is noted that there is currently no confirmation of this information from official sources. However, the day before, private banks in Turkey introduced similar restrictions. The […]

Russia’s Sberbank, Moscow Credit Bank and Russia’s Agrobank will be shut down from SWIFT

Russia’s Sberbank, Moscow Credit Bank and Russia’s Agrobank will be shut down from SWIFT

According to the newspaper Politico, citing four European diplomats, under the sixth package of sanctions, the European Commission plans to disconnect from the international payment system SWIFT Russian banks “Moscow Credit Bank” (MCB) and “Rosselkhozbank”. The source also confirms previous reports that these restrictions will affect the Sberbank, as previously predicted by European Commission President […]

Monobank suspends services and closes accounts of customers from Russia and Belarus

Monobank suspends services and closes accounts of customers from Russia and Belarus

From April 18, Monobank will stop serving customers who have not yet left the occupied Crimea, Donbas, Russia, Belarus, and several other countries. As Monobank co-founder Oleg Gorokhovsky told Telegram, all accounts of these clients will be closed. Thus, monobank closed the accounts of customers who were before the war and still have not left […]

The United States has begun requiring banks to report all cryptocurrency transactions

The United States has begun requiring banks to report all cryptocurrency transactions

The US Federal Deposit Insurance Corporation (FDIC) has notified banks of the new rules. Now, financial institutions must warn about all transactions with cryptocurrencies. The regulator said in a statement that due to potential systemic risks, any company or bank that has the ability to engage in cryptocurrencies should report its plans, and any institution […]