Europe’s largest digital bank, Revolut, has stopped accepting money transfers from Russia, even if routed through third countries such as Kazakhstan. The bank warned clients that breaching the ban could lead to account suspension or closure.
This was reported by The Moscow Times on August 8, citing financial adviser Natalia Smirnova.
According to The Moscow Times, Smirnova said all those who received such notices are Russian passport holders living in various EU states with residence permits. The restrictions apply to any funds originating from Russia, not just from sanctioned individuals.