Previously, MBank, as well as eight other banks in Kyrgyzstan, had limited work in Russian money transfer systems.
Kyrgyzstan MBank, the country’s fourth largest by assets, announced on August 19 that it would stop all money transfers to Russian banks. The Moscow Times wrote this on Monday, August 19.
The decision was made “for an indefinite period” and will affect, in particular, Sberbank, Tinkoff and MTS-Bank, which are subject to sanctions.
Input transfers to IBank will be carried out “through banks that are not subject to sanctions.”
Previously, MBank, as well as eight other banks in Kyrgyzstan, had limited work in Russian money transfer systems. This decision was made the day after the United States imposed sanctions against the Moscow Exchange and its main settlement structures – the National Clearing Center and the National Settlement Depository.
In April, banks in Kyrgyzstan stopped servicing Russian Mir cards, whose operator was subject to American sanctions at the end of February.
We remind you that one of the largest state-owned banks in China, the Bank of China, stopped cooperating with the Moscow Exchange after it was subjected to US sanctions.
The head of the National Bank of Ukraine, Andrey Pyshny, said that the new US sanctions dealt a heavy blow to Russia’s financial infrastructure.
Source: korrespondent
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