Sanctions against the Russian banking system create problems with the payment of pensions to Russians living abroad. This is stated in the explanatory note to the bill “On Amendments to Certain Legislative Acts of the Russian Federation.”
It is noted that sanctions lead to the retention in correspondent banks of pension funds transferred by the Social Fund of Russia abroad. In particular, there are such problems with payments to Israel, where there are 52.5 thousand Russian pensioners. They are offered to receive pensions in Russia or take advantage of the right to make cross-border transfers.
According to statistics, out of 52.5 thousand Russian pensioners in Israel, 16.6 thousand people are recipients of pensions in Russia, 18.3 thousand people receive payments to personal accounts opened in Israel, and another 17.6 thousand – under the agreement between Russia and Israel on cooperation in the field of social security of 2017. At the same time, the payment of pensions to the latter is currently not carried out, as noted in the document. It also emphasized that the problem with the transfer of pensions arose back in March 2022.
Israel as a state did not join Western sanctions against Russia, but in practice local banks comply with the restrictions, RBC clarifies.
Source: Rosbalt
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