Banks in countries neighboring Russia are tightening rules for cash rubles. Some now charge up to 5% for depositing banknotes into an account, and some Armenian banks, according to RBC, have completely suspended such operations.
The most significant restrictions are in Belarus. A commission of 2% to 5% for non-residents has been introduced by at least eight banks – more than a third of all operating in the country. For old clients, some organizations will start charging a commission in July and August.
In Kazakhstan, Bank CenterCredit has set a 5% fee for accepting rubles through cash desks, terminals, and ATMs. In Kyrgyzstan, EcoIslamicBank charges 5% for cash deposits for SWIFT transfers. Non-cash operations in rubles in Armenia, according to experts, continue to work as before.
The situation is further complicated by restrictions on the export of cash from Russia to EAEU countries, which have been in effect since April 1. Legal entities and individual entrepreneurs are prohibited from exporting rubles in any amount, and individuals cannot transport more than the equivalent of 100 thousand dollars by rail or car.
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