Citizens of 'unfriendly' countries began to have deposits blocked in banks. Foreigners who moved to the Russian Federation for 'traditional values' also fell under restrictions
Some foreigners from 'unfriendly' countries have faced frozen accounts and deposits in Russian banks after amendments to Putin's decree in June. RBC writes about this, citing clients of Tinkoff Bank, Sberbank, and VTB. According to the publication, the restrictions affected non-resident foreigners from France, Norway, and other 'unfriendly' countries. Tinkoff Bank's messages to clients state that accounts are blocked 'as part of process setup' to comply with Putin's decree. The problem also affected foreigners who came to Russia as highly qualified specialists under a 'talent visa', as well as people 'who share traditional Russian values'. In addition, the restrictions affected ethnic Russians who are processing documents to move from 'unfriendly' countries. Even a valid residence permit in Russia does not always guarantee protection from blocking. The reason for this was amendments signed by Putin on June 1. They extended the scope of the decree on the 'temporary procedure for fulfilling obligations' to creditors from 'unfriendly' countries to bank accounts and deposits. Previously, it only affected payments on loans, borrowings, and securities.
Foreigners from ‘unfriendly’ countries, including France and Norway, are experiencing frozen bank accounts and deposits in Russia. This follows amendments to a presidential decree, extending restrictions to cover bank accounts and deposits, not just loans and securities. The measures impact non-residents, even those with a valid residence permit, including skilled professionals and ethnic Russians relocating to Russia.
- Foreigners from ‘unfriendly’ countries are facing frozen accounts and deposits in Russian banks.
- The issue stems from amendments to a presidential decree signed on June 1.
- Restrictions now apply to bank deposits and accounts, previously focused on loans and securities.
- Affected individuals include non-residents, skilled professionals (‘talent visa’ holders), and ethnic Russians moving from ‘unfriendly’ countries.
- Even individuals with a valid residence permit in Russia are not exempt from these blocking measures.
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