The Central Bank has recommended that Russian banks reduce or even cancel the currency transaction fee for payments to military personnel. This is stated in the message on the website of the Central Bank. The head of Sberbank, German Gref, said that the credit institution already has a small commission, and for the fighters it will be written off completely.

The Central Bank recommended that Russian banks cancel the commission for transfers for military personnel

The regulator’s recommendation concerns the mobilized, contracted and military personnel of the National Guard, as well as volunteers participating in hostilities on the territory of Ukraine. Preferences should also apply to family members of the above.

“The regulator recommended credit institutions to introduce, until March 1, a reduced commission for the period until the end of the SVO, or completely cancel it for cash withdrawal operations, as well as the transfer of funds from a bank account opened by a military man to a bank account opened by a family member of a military man”, it indicates in the Central Bank document.

The Bank of Russia also recommends that credit institutions inform military personnel about the least expensive ways to conduct monetary transactions. The Central Bank also clarified that these recommendations were issued due to numerous requests from military personnel.

According to the head of Sberbank German Gref, the organization will cancel the commission of fighters.

“We practically have no commissions for transfers. And for the members of the CBO, I find out. If they are, I think we’ll cancel. Thank you for the question,” Gref was quoted as saying by TASS.


Natalia Gormaleva

Source: RB

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