Kommersant: Banks of Armenia and Kazakhstan began to block payments from Russian legal entities due to the risk of sanctions

Kommersant: Banks of Armenia and Kazakhstan began to block payments from Russian legal entities due to the risk of sanctions

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Armenian, Kazakh and Hong Kong banks have begun to block payment for servers, chips, processors, telecom equipment and other electronics for Russian legal entities. Kommersant writes about this, citing sources.

The publication clarifies that this is due to the introduction of the tenth package of US sanctions that may be imposed against banks cooperating with the Russian Federation. Appropriate restrictions also apply to any provision of funds, goods or services to or from a blocked person.

The interlocutor of the newspaper points out that this will force Russian companies to import the necessary components under the “alternative” TN VED codes, or they will have to supply the equipment “entirely assembled”.

Another source claims that payment is also blocked for the supply of the latest generation of telecommunications equipment, as well as storage systems and servers.

Earlier, let us add, Armenian Minister of Economy Vahan Kerobyan told RBC that Armenian banks “carefully monitor not to fall under sanctions.” Later, the Georgian bank TVS began to notify customers that it could block their account in case of detection of transactions related to the circumvention of sanctions against the Russian Federation.

At the same time, one of Kommersant’s interlocutors noted that not all Armenian or Hong Kong banks block payment. For their part, suppliers themselves are beginning to use “other methods of making payments.”

Banks of Kazakhstan have also tightened control over transactions on sanctioned products. Georgy Vlastopulo, CEO of the Optimalog logistics company, told the publication that it is now becoming increasingly difficult to purchase components, spare parts, and computers through third countries. In his opinion, in Russia in six months or a year they may face a shortage of sanctioned products.

Source: Rosbalt

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