Article

27 Feb 2022

LRT.lt

Lithuania: Financial technology company Paysera stops payments linked to Russia and Belarus amidst aggression in Ukraine

Lithuanian fintech Paysera stops Russia-linked payments amid Moscow aggression, 24 February 2022

The company will no longer process transactions in Russian roubles, close its Russian clients' accounts, and restrict money transfers to and from Russian and Belarusian banks, it said in a press release. It has also called on other financial institutions to follow suit.

The restrictions on financial transactions will mostly affect Russian residents. Furthermore, transfers to all Russian or Belarusian banks have been terminated for all customers if the recipient is a Russian or Belarusian company. Companies that are registered outside Russia but whose main shareholders are Russian citizens will not be able to stay Paysera's clients....

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Lithuania: Financial technology company Paysera stops payments linked to Russia and Belarus amidst aggression in Ukraine

Part of the following timelines

Ukraine invasion: Banks & financial institutions seek to cut ties with Russia

Ukraine: Govt. excludes OTP Bank from list of intl. war sponsors after discussions with co. & its commitments regarding future plans in Russia

Russia: Italian bank Intesa Sanpaolo gets Putin's approval to sell or dispose of its assets in country

USA: Authorities investigate Credit Suisse & UBS over alleged breaches of sanctions against Russia

Russia: Binance quits country over sanctions compliance concerns by selling its business to newly-launched co.

Russia: Sberbank seeks seizure of Glencore's assets as compensation for oil debt

Central Asian and Caucasus banks sever ties with Unistream amid U.S. sanctions and surge in Russian cash flows

Russia: ECB urges European banks to speed up exit plans by adopting clear roadmaps due to risks associated with doing business in country

Raiffeisen Bank prepares to spin off its Russian subsidiary after unsuccessful search for buyer, according to Reuters sources

Ukraine: Govt. classifies OTP Bank as war sponsor over continued operations in Russia & recognition of occupied territories, incl. co. comments

US allegedly allowed JPMorgan to process payments for exported Russian grain, according to AFP source

UN seeking to reconnect some Russian banks to SWIFT to help keep export of agricutural goods from Ukraine going, says spokesman

Russia: Deutsche Bank to close down its remaining IT operations & to offer severance packages to employees, according to FT sources

Raiffeisen in talks over sale of Russian banking arm amid growing pressure from regulators & Western govts.

Russia: Citigroup cannot allegedly sell assets due to inability to transfer IT system to buyers

Ukraine declares Raiffeisen Bank intl. sponsor of war over ongoing operations in Russia & recognition of occupied territories

Russia: Raiffeisen Bank in talks with Sberbank over profits' swap in attempt to reduce its exposure to market

Austria: Foreign Ministry says Raiffeisen bank has to decide independently on future of its operations in Russia, calls its behaviour reasonable

Russia: Austria’s Raiffeisen Bank making record profits while 'stuck' in Russia

Financial crime watchdog FATF suspends Russia's membership over war in Ukraine

U.S. sanctions authority probes Raiffeisen on Russia

Russia: Law on loan repayment holidays for soldiers fighting in Ukraine adds growing pressure for remaining European banks to leave

Russia: Western banks struggle to exit after adoption of law prohibiting divestment without President's approval; incl. cos. comments

Ukraine: National Bank notes lack of progress on withdrawal of intl banking groups from Russia & asks for support from partner states, regulators

Irresponsible banking: By Staying in Russia, Raiffeisen Bank Risks Slipping from Compliance to Complicity

Cyprus: Group of PwC partners launched breakaway firm to take on work from Russia-linked clients; incl. cos. comments

Russia bans 45 foreign-owned banks or banking units from selling their shares

Russia: Conscripted Raiffeisen Bank IT specialist killed in Ukraine despite being eligible for draft deferment

Russia: Citigroup accelerates exit from its operations

New report documents evidence of Gazprombank paying salaries to Russian soldiers deployed in Ukraine

Investors' voices are missing in corporate exodus from Russia, experts claim

Western Union stops all finance-related operations in Russia & Belarus

NGOs urge banks to contribute to global pressure on Russia over invasion of Ukraine

Russia moves towards nationalising assets of firms that leave - ruling party

Ukraine: Visa and Mastercard suspend operations in Russia over Ukraine invasion: incl. co. comments

Credit Suisse, Societe Generale, Bank of China's Singapore branch halt financing deals with Russia in response to military invasion in Ukraine

Norway’s sovereign-wealth fund to exit Russian holdings

Increasing number of investors announce Russia exodus, cite challenges

Russia: Customers of banks targeted by foreign sanctions are unable to use their cards abroad, access Apple Pay or Google Pay