Armenian banks tighten requirements for clients from Russia

On Friday, April 7, the Armenian Central Bank announced the restrictions imposed on money transfers by Russian clients. These measures were taken in order to comply with the international sanctions announced against the Russian Federation and combat parallel imports.

In the message of the Central Bank, it is noted that if the operation is assessed as “risky”, a refusal to transfer funds is possible. To carry out transactions, the Russian client will be asked to present documents proving the legal origin of the money, after which the transfer will be made.

Also, Armenian banks are having difficulty allowing the opening of accounts for Russian companies, as they are afraid of using them to carry out substation transactions.

Recently, Western banks have been tightening control over transactions in connection with sanctions measures against Moscow. This applies to credit institutions in a large number of countries, including Armenia. Earlier, a similar control of export-import operations with the Russian Federation was announced in Kazakhstan.

According to sources, over the year, Russian citizens transferred about $63,7 billion to the accounts of individuals abroad. As a result, the amount of currency held by the country's residents abroad for the first time exceeded that within the Russian Federation - $94 billion against $57 billion.
  • Photos used: Håkan Dahlström/
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  1. Valera75 Offline Valera75
    Valera75 (Valery) April 7 2023 18: 20
    In Russia, through one Armenian, well, cut off transactions to Armenia, but in general, shuffle them and the Armenian diaspora in Russia will shampur and calm down their fellow countrymen.
    1. Nikolay Volkov Offline Nikolay Volkov
      Nikolay Volkov (Nikolai Volkov) April 7 2023 22: 39
      in Russia, for EIGHT years, Gref preferred not to notice the Crimea and Sevastopol ... and everything suited some people ... and then the Armenians immediately became bad ... you make even more goodwill gestures and grain deals ...
  2. Enoch Offline Enoch
    Enoch (Enoch) April 7 2023 21: 38
    Friend is known in trouble.
    1. Nikolay Volkov Offline Nikolay Volkov
      Nikolay Volkov (Nikolai Volkov) April 7 2023 22: 41
      that's it ... I want to remind you that it was Russia that was the first to ignore Azerbaijan's aggression against Armenia. and not against NK, but against Armenia. Let me remind you that the helicopter of the RF Armed Forces was shot down by Azeris over Armenia ... and in response, the Russian Federation, as always, chewed snot and pretended that nothing was happening ... and then we talk about friends ...
      1. hell MASTER Offline hell MASTER
        hell MASTER (Hell MASTER) April 7 2023 23: 37
        Apologize, or I will express overconcern, then a strong protest !!
      2. Alexey Lan Offline Alexey Lan
        Alexey Lan (Alexey Lantukh) April 8 2023 16: 14
        In general, the Armenians would like Russia to fight against Azerbaijan, i.e. on someone else's... to enter paradise. And then the Soros member Pashinyan would have thrown Russia, throwing himself into the arms of the United States, which was not part of Russia's plans. It is also not a fact that it was the Azerbaijanis who shot down our helicopter over Armenia. And purely strategically, Azerbaijan is more important to us. Ah... more!!! The Armenians recognized as legitimate the decision of the ICC in The Hague to detain President Putin..So that's it!!!
  3. prior Offline prior
    prior (Vlad) April 8 2023 09: 39
    What has Armenia given me? What did Armenia give Russia?
    Withdraw all Russian peacekeepers from Karabakh, withdraw Russian business and the embassy from Armenia.
    And let them enjoy independence from Russia.
    1. lord-palladore-11045 (Konstantin Puchkov) April 8 2023 23: 59
      No, let the Russian military base in Armenia remain. And then later its military presence will not be restored.