×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience. This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Support The Moscow Times!
Contribute today
My account
Signout
×
Sections
Home
Ukraine War
News
Climate
Opinion
Business
Arts and Life
Regions
Podcasts
Galleries
Newsletters
TMT Lecture Series
Archive
Multimedia projects
Mothers & Daughters
Generation P
News
Ukraine War
Climate
Regions
Business
Meanwhile
Opinion
Podcasts
Archive
RU
My account
Signout
Support The Moscow Times!
Contribute today
Articles with tag "Banks"
secondary sanctions
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.
ruble volatility
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.
1 Min read
online lender
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...
2 Min read
no way out
Raiffeisen’s Russian Division to End Outgoing U.S. Dollar Payments
Raiffeisen said the move was due to “changed requirements of correspondent banks.”
2 Min read
european banks
Russia Seizes Deutsche Bank, UniCredit Assets
The banks had been guarantors of a major gas processing and liquefaction plant in cooperation with Germany's Linde, which quit the project due to the war...
1 Min read
war profits
Major European Banks Paying Russia More in Taxes Than Before Ukraine Invasion – FT
The seven lenders reportedly paid over 800 million euros in taxes to the Russian state last year, a fourfold increase compared to 2021.
2 Min read
'highly embarrassing'
Raiffeisen Touts Russia ‘Expansion’ in Job Ads Despite Intended Exit – FT
The Austrian bank has placed more than 2,400 job ads in Russia since December 2023, the Financial Times reported.
2 Min read
yuan denied
Kremlin Slams Western 'Pressure' on Chinese Banks Over Russian Payments
Some Chinese lenders have reportedly stopped accepting payments in Chinese yuan from Russian companies.
2 Min read
vtb bank
U.S. Charges Russian Banker Kostin With Sanctions Evasion, Money Laundering
The indictment is part of five charges the U.S. brought against "Russian criminals who finance and enable Russia’s war."
2 Min read
closed accounts
UAE Banks Limit Payments With Russia Over Secondary Sanctions Threat – Vedomosti
Major lenders have stopped processing payments to and from Russia and are gradually closing the accounts of Russian citizens, according to business insiders...
2 Min read
'logistics collapse'
Major Chinese Bank Halts All Settlements With Russia – Vedomosti
Chouzhou Commercial Bank became the main transaction channel for Russian importers after the invasion of Ukraine.
2 Min read
transit jurisdiction
Turkish Banks Close Russian Corporate Accounts Over Secondary Sanctions – Vedomosti
At least two Turkish banks started closing the accounts of a “significant number” of Russian companies and banks after the U.S. threatened to blacklist...
2 Min read
secondary sanctions
Chinese State Banks Step Up Compliance on Russian Clients – Bloomberg
At least two Chinese banks have recently launched reviews of their Russian business involved with cross-border deals, according to sources.
1 Min read
economic pressure
U.S. Starts Targeting Banks That Help Russian War in Ukraine
"We are sending an unmistakable message: anyone supporting Russia's unlawful war effort is at risk of losing access to the U.S. financial system."
3 Min read
'special decision'
Putin Approves Sale of Italian Bank Intesa’s Russian Subsidiary
Italy’s largest bank stopped new financing to corporate Russian clients and fresh investments in Russian assets after Moscow invaded Ukraine last year...
1 Min read
hefty fee
Raiffeisen’s Russian Division Imposes 50% Commission on Incoming Dollar Transfers
The minimum commission charged will be $1,000, up to a maximum of $10,000.
2 Min read
sending slowdown
Money Transfers From Russia Fall in Wartime First
Remittances from Russia to Kazakhstan, Georgia, Armenia and Kyrgyzstan totaled $625.9 million, a 33% drop compared to the same time last year.
1 Min read
cash dash
Russians Withdrew Over $1 Bln From Banks During Wagner Mutiny
It was the highest surge in demand for cash since the Kremlin announced a military mobilization in the fall of 2022.
1 Min read
spinoff delay
Raiffeisen Bank Hopes War Ends 'Soon' to Avoid Costly Russia Exit – Reuters
Vienna privately thinks restoring long-standing relations with Russia while publicly supporting Kyiv during Moscow’s 16-month invasion will still be...
2 Min read
No more euro
Austria’s Raiffeisen Bank Suspends Euro Transfers in Russia and Neighboring Countries
Raiffeisen Russia said the change — impacting both individual and corporate clients — was due to “restrictions imposed by correspondent banks.”...
1 Min read
View more articles