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Articles with tag "Banks"

Sberbank Opens First Full-Service Branches in Occupied Ukraine’s Kherson, Zaporizhzhia Regions

Sberbank was among the first Russian companies to be sanctioned over the invasion of Ukraine, leading to its complete withdrawal from the European market...

Assad Regime Airlifted $250M From Syria to Russia – FT

The cash shipments, consisting of $100 bills and 500 euro notes, were sent between 2018 and 2019 and reportedly weighed nearly two metric tons.
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Russians’ Cash Savings Reach All-Time Low – VTB

Gorshkov also said that high interest rates would result in Russians transferring around 350 billion rubles of their cash savings into banks this year...
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Gazprombank Warns of UnionPay Card Issues Abroad Following U.S. Sanctions

Russian banks began issuing UnionPay cards after Visa and Mastercard suspended services in Russia following the 2022 invasion of Ukraine.
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U.S. Targets Gazprombank in New Sanctions Package

Washington accused Gazprombank of facilitating payments for soldiers and enabling Russia’s purchase of military equipment for the war.
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Iranian Bank Cards Now Usable in Russia

Transactions have been made possible by linking Iran’s Shetab interbank network with Russia’s Mir payment system.
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Russian Court Orders Seizure of JPMorgan Funds as VTB Seeks Damages for Assets Blocked Abroad

The St. Petersburg Arbitration Court ruled to seize $155.8 million in any currency from all JPMorgan bank accounts, according to Reuters. 
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Two Major Buyers Said To Bid for Raiffeisenbank Russia

Sources said that RBI is prioritizing a sale to a non-sanctioned entity to minimize the risk of Raiffeisenbank being added to sanctions lists after the...
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Raiffeisen Slashes Correspondent Accounts in Russia

Such massive movements of correspondent accounts could be directly related to a significant reduction in the bank's cross-border transfers, analysts surveyed...
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JPMorgan, HSBC Handled Payments for Wagner’s Africa Operations – Report

But reporting by the Financial Times suggests that neither bank knowingly handled transactions for Wagner’s front companies.
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Court Freezes Shares of Raiffeisen’s Russian Division, Delaying Sale

The court’s injunction is tied to a lawsuit by Russian investment holding company Rasperia against Austrian construction firm Strabag.
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Russia Revokes Goldman Sachs’ Brokerage License

The U.S. investment bank is continuing to scale back its presence in the country following Russia’s invasion of Ukraine.
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Kyrgyz Banks Suspend In-App Money Transfers to Russia

The move comes after the U.S. in June introduced new sanctions against Russia over its war in Ukraine, including restrictions on the Moscow Exchange.
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Raiffeisen’s Russian Division Suspends Foreign Currency Transfers

The bank said the decision to suspend transfers was made due to pressure from the European Central Bank.
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Russia Revokes American Express Bank License

Vladimir Putin granted American Express Bank permission to “voluntarily liquidate” its Russian operations in May.
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Raiffeisen Bank to ‘Drastically’ Reduce Operations in Russia

The lender also said its Russian division posted $763.6 million of the global unit’s consolidated profit of $1.4 billion in January-June. 
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Bank of China Halts Payments With Sanctioned Russian Lenders – Kommersant

Industry insiders said the decision was made in order to avoid being hit by secondary sanctions from Washington.
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Kyrgyz Banks Suspend Money Transfers With Russia

Some banks introduced restrictions on ruble conversions due to the volatility of the exchange rate and possible sharp fluctuations in the market.
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Tinkoff Bank Changes Name, Ending Association With Exiled Founder

T-Bank, Russia’s third-largest lender, said its 43 million customers would not notice the change, with its products and services continuing as usual...
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Raiffeisen’s Russian Division to End Outgoing U.S. Dollar Payments

Raiffeisen said the move was due to “changed requirements of correspondent banks.”
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