Hello, how can we help you?

Publications / 28.6.2019

The authorities will restrict the keeping of pension money in sanctioned banks / RBC

Banks operating in Russia and complying with anti-Russian sanctions will not be able to hold funds of the Pension Fund reserve on their deposit accounts. For banks that themselves have come under sanctions, such prohibition does not apply.

Artem Zhavoronkov, Specialist Partner at Borenius Russia, offered comments to RBC’s online publication on sanctions restrictions on certain banking operations.

Read the full article (in Russian)

Share on LinkedInTweet about this on TwitterShare on Facebook