Lithuanian bank stopped processing Russian payments

Lithuanian bank stopped processing Russian payments

Lithuanian bank stopped processing Russian payments

Photo: Siauliu bankas

Representative of the Association of Lithuanian Banks, Valeria Kiguolene, said on LRT that the Lithuanian “Siauliai Bank”, through which settlements for cargo transit with Kaliningrad, was stopped operations with ruble payments, according to Delfi.lt.

She also reminded that from September 1, any transactions with Russian clients will be suspended. According to all of the bank's customers were notified of this in a timely manner.

In June, the Lithuanian authorities imposed a ban on the transit of commodities falling under EU sanctions from Russia to Kaliningrad Region after consultations with the European Commission.< /p>

Attemp. will stop all transactions with Russia.

From July 11 Vilnius has expanded restrictions on transit through its territory of goods from Russia to Kaliningrad. Despite the protests of Moscow and Berlin, the authorities of the country did not ease the sanctions pressure on the Russian exclave.

On August 11, the representative of the European Commission Ariana Podesta said that the operations of commercial banks to settlements for Kaliningrad freight transit through Lithuania do not violate sanctions. According to the representative of the EC, the refusal to accept payments for transit is a decision of a particular bank, based on their perceptions of risk, and not a requirement of the EU.

Prepared by: Sergey Daga