The Central Bank of Armenia reported that due to the sanctions against the Russian Federation, the country’s banks had to tighten the requirements for customers. Sputnik Armenia.
According to the bank, Western financial institutions are reviewing their control systems over transactions in connection with the sanctions against Russia, where conditions for foreign transactions of Armenian banks have been significantly tightened.
Therefore, Armenian banks are forced to tighten requirements for their clients, including refusing transfers if they are deemed risky.
Formerly Google Play mobile app store deleted Practices of a number of Russian banks falling under Western sanctions.
st. Petersburg, Uralsib, Primorye, Levoberezhny, Zenit, SDM Bank, UBRD, Lanta Bank and Metallinvestbank disappeared from the market.
In February, it was reported that the US Treasury Department had blacklisted more than a dozen Russian financial institutions, including the banks listed above.