One of the largest banks in Kyrgyzstan, MBank, has suspended transfers through Russian banks, the credit institution said in a statement. The press release separately singles out Sberbank, T-Bank (formerly Tinkoff) and MTS Bank.
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Transfers are not available from August 16th, they are not done in both directions.
“This service is temporarily unavailable for an indefinite period. Incoming transfers will be made through banks that are not subject to sanctions, using data in rubles,” reads the MBank message.
The press service clarified that incoming transfers are made through those banks against which no sanctions have been imposed.
In June 2024, eight banks in the republic suspended work with Russian transfer systems for one. The reason was the US sanctions against the Moscow Exchange, introduced on June 12.
Author:
Natalia Gormaleva
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.
