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Armenia joins Russia's list of 25 countries where foreigners will be able to open accounts in Russian banks (www.armbanks.am)

submitted 1 year ago by cuenca@lemm.ee to c/news

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The news of ~~Russian~~ Western isolation

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[–] apis 4 points 1 year ago (1 children)

Probably just people who can't get less risky accounts, or who are hoping to get money out of Russia.

[–] Unaware7013@kbin.social 1 points 1 year ago (1 children)

Isn't this more bringing money into Russia? I wouldn't think putting money into a Russian bank would be an effective way to get money out of Russia...

[–] apis 2 points 1 year ago* (last edited 1 year ago)

Arrange a transfer from Russian branch to Armenian branch, withdraw money, close account.

Or just a plain withdrawal if you already have an account with them in Russia, and other banks are refusing your business.