Russia banking restrictions

EU blocks 33 Russian banks from SWIFT in 21st sanctions package

The European Union’s 21st sanctions package added 33 Russian banks to the list of entities blocked from using the SWIFT payment system, the European Commission said on July 23.

23 July, 09:35 PM

Payments fail, cash dries up as outage cripples Russia’s biggest banks

A major outage disrupted the systems of Russia’s largest banks — Sber, VTB, Alfa-Bank and T-Bank — as well as the Central Bank’s Faster Payments System on April 3, leaving customers unable to make payments, transfer money or withdraw cash, The Moscow Times reported.

3 April, 06:21 PM

Italy’s UniCredit tightens restrictions in Russia, suspends euro transfers

Italian bank UniCredit — one of the last remaining Western banks still operating in Russia — has stopped outgoing euro transfers for individual clients, Russian outlet The Moscow Times wrote on Jan. 23.

24 January 2025, 10:30 AM

Italy’s largest bank cuts euro transfers from Russia but exempts its subsidiary

Italy’s largest bank, Intesa Sanpaolo, will stop accepting euro payments from Russian banks, with the exception of its own Russian subsidiary, Russian newspaper Vedomosti reported.

23 December 2024, 01:34 PM

Russia banking restrictions