Loko-Bank announced the completion of all settlements in dollars due to US sanctions
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The Russian Loco-Bank announced that until October 18, 2023 it will stop all transactions in US dollars. The financial organization made this decision against the backdrop of the bank falling under US sanctions.
“The restrictive measures of the United States affected settlements in US dollars. Loco-Bank will complete all transactions in US dollars by October 18, 2023,” site jar.
The credit institution added that the restrictions imposed will not affect the work of the bank within Russia, all products and online services of Loko-Bank will be available as usual.
Today, July 21, US Department of the Treasury contributed Loco-Bank is on the sanctions list, now American public and private organizations are prohibited from any interaction with this bank.
Loco-bank takes 39th place in the rating of Russian banks in terms of net profit.
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