EAEU Banks Impose 2-5% Fees on Cash Ruble Deposits Amid Influx From Russia
By
Cyril Barabaltchouk
Summary
Banks in Eurasian Economic Union (EAEU) countries considered "friendly" to Russia—including Belarus, Kazakhstan, and Kyrgyzstan—have introduced steep commission fees (2% to 5%) on cash ruble deposits since June. This move comes amid a massive influx of Russian rubles and a total lack of foreign demand for the currency. At least eight Belarusian banks, along with Kazakhstan's CenterCredit and Kyrgyzstan's EcoIslamicBank, have implemented these fees on cash ruble transactions through desks, terminals, and ATMs.
Source
bskyEAEU Banks Impose 2-5% Fees on Cash Ruble Deposits Amid Influx From Russiaunited24media.comKey quotes
· 3 pulledBanks in countries 'friendly' to Russia within the Eurasian Economic Union (EAEU) have begun tightening conditions for depositing cash rubles into accounts since June
In Belarus, at least eight credit organizations—including Alfa-Bank, Belarusbank, BelVEB, BNB-Bank, MTBank, Sber Bank, Technobank, and Zepter Bank—introduced a commission of 2% to 5% for such transactions
In Kazakhstan, CenterCredit (BCC) also introduced a 5% fee for accepting cash through cash desks, terminals, and ATMs, while Kyrgyzstan's EcoIslamicBank established a similar rate for SWIFT
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