New terms and conditions of outgoing payments in euro to other banks

June 21 2023

Due to restrictions introduced on the side of correspondent banks, from July 3, 2023 an outgoing payment in euro to another bank cannot be made if the beneficiary’s bank is located in one of the following countries: Russia, Azerbaijan, Armenia, Belarus, Georgia, Jordan, Kazakhstan, Kyrgyzstan, Moldova, United Arab Emirates, Tajikistan, Turkmenistan, Uzbekistan. The new conditions apply to clients-individuals, individual entrepreneurs, as well as legal entities.

The restriction also applies to outgoing transfers in euros to customers' own accounts opened with other banks in one of the listed countries. We recommend customers to change the currency before making the outgoing transfer or use other ways to make the payment.

The new conditions do not apply to euro transfers between Raiffeisen Bank customers in Russia. You can still transfer euros between your Raiffeisen Bank accounts or send them to another Raiffeisen Bank client.