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Russian cenbank says client funds in sanctioned banks are secure -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A Russian flag is seen flying over Moscow’s Central Bank Headquarters, Russia on March 29, 2021. Sign reads “Bank of Russia”. REUTERS/Maxim Shemetov/File Photo

MOSCOW (Reuters).- Russian banks have been unable to access clients’ funds that had been hit by new Western sanctions. However, Vladimir Chistyukhin, Deputy Central Bank Governor, said Friday.

Chistyukhin claimed that the central banking was still in communication with affected banks due to sanctions.

According to the central bank, clients of Russian banks that are subject to Western sanctions cannot use their cards internationally or make mobile payments with Apple (NASDAQ;) and Google(NASDAQ:).

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