ARTICLE
27 August 2024

Raiffeisenbank Russia Informed Today That From 2 September 2024, Any Outgoing Cross-border Transfers In Any Foreign Currency Will Become Unavailable To All Clients Of The Bank.

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Founded in 1988 by Roger Gherson, Gherson Solicitors LLP was first established as a boutique immigration law firm based in London. Now servicing clients across all areas of immigration, international protection and human rights, white collar crime, sanctions, and civil litigation and arbitration, Gherson LLP’s offices continue to expand across Europe.

With over 35 years of experience, Gherson’s expertise extends from meeting the migration needs of international business people and UK-based companies to litigation in all UK jurisdictions and the European Court of Human Rights and the European Court of Justice.

Raiffeisenbank Russia informed today that from 2 September 2024, any outgoing cross-border transfers in any foreign currency will become unavailable to all clients of the bank, except for a limited number of corporate clients in the field of large and international business.
Russian Federation Finance and Banking
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Raiffeisenbank Russia informed today that from 2 September 2024, any outgoing cross-border transfers in any foreign currency will become unavailable to all clients of the bank, except for a limited number of corporate clients in the field of large and international business. The restriction is related to the implementation of the RBI Group's decision in connection with the ECB's order received. The changes do not affect cross-border payments in Russian roubles to countries that accept them (press release).

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