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Citibank, Contracts, Daily news, Issuing & Acquiring, Payments News, Risk & Compliance, Russia, Russia sanctions -

Citibank has been forced to shut down its consumer and local commercial banking operations in Russia after it proved impossible to find a buyer for the businesses. The bank announced... read more

The post Citibank forced to shutter Russian operations after no buyer found appeared first on Payments Cards & Mobile.

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Daily news, Payments News, Processing & Systems, Regulation, Ruble, Russia, Russia sanctions, Ukraine War -

The Central Bank of the Russian Federation wants the government to order state companies to convert their foreign-exchange holdings into the currencies of countries that haven’t joined sanctions imposed by... read more

The post Russian Central Bank want to eradicate “toxic” foreign currencies from system appeared first on Payments Cards & Mobile.

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