The financial institution has not yet been subject to EU sanctions.
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This the largest Russian credit institution that is not subject to EU sanctions.
The Austrian company that processes foreign card payments explained that this problem is not within its competence. . Gazprombank said that the bank’s partners in Austria “refuse to answer” why they are not issuing money.
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The problem was recorded at the end of last year. Russian media report that the same problem exists in Italy.
Gazprombank, together with DOM.RF, is one of two banks on the list of the 10 largest in Russia that are not subject to EU sanctions after the winter of 2022 of the year. In the fall, the European Parliament approved a resolution calling for the bank to be included in the list of sanctions. However, in the 12th package of restrictions adopted at the end of December, there are no such measures.
- After the Russian invasion of Ukraine, the Russian economy came under sanctions from Western countries. The largest payment systems – American Visa and Mastercard – have left the Russian market.
- In Russia, banks have switched to the Mir payment system; for foreign trips, clients are offered the Chinese UnionPay. However, the cards of sanctioned banks do not work in Western countries and with it.
- In May 2022, the Main Intelligence Directorate of the Ministry of Defense reported that the Russian state corporation Roscosmos was circumventing international sanctions through Gazprombank. She activates her calculations through him.