Tinkoff Bank will suspend SWIFT transfers in dollars to Kazakhstan bank Freedom Finance from July 17, but will only make transfers in rubles, tenge and yuan to this credit institution. It has been reported TASS.
The press service of the credit institution emphasized that the bank has informed its customers about this change. The restrictions will come into effect on July 17, 2023.
Before that, Tinkoff Bank to start Receive a commission of 1% of the deposited amount for cash deposits in dollars and euros.
Prior to that, the Russian Foreign Ministry described the idea of creating a Rosselkhozbank branch to connect to SWIFT as part of the EU’s “grain deal” as “clearly impassable”.
The ministry noted that there are practical aspects “outside the brackets”. In particular, it will take a few months to open a bank branch and another three months to set up SWIFT, and the closure will take place “within minutes”.
The day before, the Financial Times newspaper wrote that the process of creating a subsidiary was initiated by Rosselkhozbank to reconnect to the SWIFT system and, accordingly, to save the grain deal. Meanwhile, citing its own sources, RIA Novosti reported that the EU has not yet introduced specific mechanisms for this.
former Central Bank declaration about a possible increase in key rate.