Banks of Armenia, Georgia and Kyrgyzstan stop cooperation with Russian Unistream due to US sanctions
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Banks in Armenia, Georgia and Kyrgyzstan have stopped cooperating with the Russian Unistream payment system after the US imposed blocking sanctions against it.
About this informs Forbes.
It is noted that Armenian banks, including Ardshinbank, Armeconombank and Evokabank, announced the termination of transfers through Unistream. Bank of Georgia suspended transfers among Georgian banks.
The Russian payment system also stopped working among the Kyrgyz banks “Kompanion” and DemirBank. Asia Alliance Bank and Ail Bank.
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“FINCA Bank stated that it has suspended the issuance and sending of funds through Unistream in dollars and euros, while the restriction does not apply to the ruble,” the message reads.
It is added that on July 20, the Unistream payment system came under US blocking sanctions.
We will remind:
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The US State Department on Thursday announced on the introduction of sanctions against a number of high-ranking Russian officials as part of an effort to hold accountable those Russians who contribute to Russia’s illegal war.
Economic truth.
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