04.03.2022, 17:26
Tinkoff Bank Limited Cash Withdrawals
Source: OREANDA-NEWS
OREANDA-NEWS. The Russian bank "Tinkoff" has limited cash withdrawals from its ATMs. Such information on Friday, March 4, follows from the data of the mobile application of the financial institution.
“Restrictions have appeared: currency can only be withdrawn from Tinkoff cards for a maximum of 750 thousand rubles, $15 thousand or €15 thousand at a time,” the bank said in a statement.
Earlier that day, the Central Bank of Russia decided to reduce the commission for individuals for buying foreign currency through brokers to 12% of the transaction amount. The Central Bank also set a commission for legal entities at the same level.
Russian President Vladimir Putin on March 1 signed a decree on the introduction of additional temporary economic measures to ensure financial stability in the country. It is clarified that the decision is connected with “unfriendly and contrary to international law actions of the United States and foreign states and international organizations that have joined them,” which are aimed at imposing sanctions on citizens and legal entities of Russia.
On February 28, it also became known that, in addition to disconnecting Russian banks from the international payment system, the West may limit the ability of the Central Bank of the Russian Federation to support the ruble through international financial transactions. The sanctions affected air travel, including transit flights, visa policy and sports.
On the same day, the Central Bank of the Russian Federation increased the issuance of cash to banks to replenish ATMs. All customer funds on bank accounts are kept in full and are available for any transactions, the Bank of Russia added.
“Restrictions have appeared: currency can only be withdrawn from Tinkoff cards for a maximum of 750 thousand rubles, $15 thousand or €15 thousand at a time,” the bank said in a statement.
Earlier that day, the Central Bank of Russia decided to reduce the commission for individuals for buying foreign currency through brokers to 12% of the transaction amount. The Central Bank also set a commission for legal entities at the same level.
Russian President Vladimir Putin on March 1 signed a decree on the introduction of additional temporary economic measures to ensure financial stability in the country. It is clarified that the decision is connected with “unfriendly and contrary to international law actions of the United States and foreign states and international organizations that have joined them,” which are aimed at imposing sanctions on citizens and legal entities of Russia.
On February 28, it also became known that, in addition to disconnecting Russian banks from the international payment system, the West may limit the ability of the Central Bank of the Russian Federation to support the ruble through international financial transactions. The sanctions affected air travel, including transit flights, visa policy and sports.
On the same day, the Central Bank of the Russian Federation increased the issuance of cash to banks to replenish ATMs. All customer funds on bank accounts are kept in full and are available for any transactions, the Bank of Russia added.
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