Visa has prohibited banks in countries bordering the Russian Federation from opening accounts for Russian citizens. Otherwise, Visa will impose a fine of $1 million for each card opened. Estonia, Lithuania, Latvia, Finland, Kazakhstan and other states border the Russian Federation.
Visa has banned banks in countries bordering Russia from opening accounts for Russian citizens. Visa sent a letter with that notification to the banks, Mash said.
The letter states that banks face a fine for issuing cards to non-resident Russians. For each card issued, Visa will impose a fine of $1 million, according to the letter. The channel also noted that, according to bank representatives, the ban applies to all Russians.
Norway, Finland, Estonia, Latvia, Lithuania, Poland, Georgia, Azerbaijan, Kazakhstan, China, Mongolia, North Korea and other countries border Russia.
On Thursday, October 26, the National Bank of Kazakhstan announced its intention to tighten the conditions for obtaining bank cards by non-residents of the republic. The initiative will be open to public debate until November 9.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
