Banks in Belarus, Kazakhstan, and Kyrgyzstan sharply raised fees for accepting cash rubles

Source: RBC

Banks in Belarus, Kazakhstan, and Kyrgyzstan have sharply raised fees for depositing cash Russian rubles into accounts held by nonresidents, the Russian business news outlet RBC reported.

Fees that ran 2–5% at the start of summer have since climbed to 10–15% of the deposited amount at some banks, with Belarus’s Neo Bank Asia now charging a flat 20%.

At least 10 banks have tightened their terms since the beginning of August, according to the outlet’s review of their websites.

Fees for depositing Russian rubles at banks in neighboring countries first appeared in June amid a sharp influx of cash from Russia. A source at one of the Belarusian banks told RBC that the surge in cash flowing from Russia into Eurasian Economic Union countries stemmed from tighter controls on cash transactions inside Russia.

At Meduza, we are committed to transparency about our use of artificial intelligence in the newsroom. The story you’re reading was written by one of our living, breathing journalists and translated from Russian using an AI model configured to follow our strict editorial standards. This translation process is the result of extensive testing and refinements to ensure our English-language coverage is timely and accurate. A Meduza editor reviews every draft before publication.

If you find any errors in this translation, please contact us at reports@meduza.io.

To read Meduza’s exclusive content in English, please subscribe to our newsletter.

Why is it
important
to support
Meduza
now?Read here

Banks in Belarus, Kazakhstan, and Kyrgyzstan sharply raised fees for accepting cash rubles

Eurasian Economic Union

{{ header_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }}

{{ title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }}

{{ second_title }}

Banks in Belarus, Kazakhstan, and Kyrgyzstan sharply raised fees for accepting cash rubles

Eurasian Economic Union

{{{ alt }}}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }}

{{ title }}

{{ title }} {{ second_title }}

{{ title }} {{ second_title }}

{{ title }}

{{ second_title }}