Only three banks from Russia with a basic license were able to open accounts abroad

Of the 101 banks with a basic license in Russia, only three were able to open foreign accounts for international settlements, RIA Novosti reports, citing data from the Central Bank (CB). This information was confirmed to the agency by Anatoly Aksakov, chairman of the State Duma committee on the financial market.

Which banks we are talking about is not specified. According to the agency, one of the credit organizations has established correspondent relations with banks in Uzbekistan, Armenia and Turkey, another has correspondent accounts in Azerbaijan, and a third in Kazakhstan.

According to Mr. Aksakov, the process of opening such accounts is “difficult, but, nevertheless, it is underway.” “Somewhere three banks have been opened, but the process is underway, the rest are negotiating,” he said.

Banks with a basic license can open correspondent accounts abroad until December 31, 2023. The fact that some credit institutions took advantage of this right, the Central Bank reported back in February. “News” wrotethat the regulator may allow small banks to open correspondent accounts abroad on a permanent basis.

Laura Keffer