Economy

Several Banks in CIS Countries Halt Cooperation with Russian Unistream

Several Banks in CIS Countries Halt Cooperation with Russian Unistream

Banks in Armenia, Kyrgyzstan, Uzbekistan, and Kazakhstan have announced that they are suspending their cooperation with the Russian Unistream payment system. This has been reported by the press services of the banks.

For instance, the Asia Bank of Kyrgyzstan published a statement on its website on July 24, stating that "starting from July 21, money transfers in US dollars through the Unistream system have been temporarily suspended." Similar announcements were made on July 21 by the websites of the banks 'Компаньон', Finca, 'РСК', and 'Кэпитал'.

According to RIA Novosti, at least three banks in Uzbekistan—'Халк', 'Ипотека', and 'Турон'—have also halted their services with Unistream.

Previously, we reported that Haykakanumbank, Aradshinbank, Converse Bank, and Evocabank had ceased servicing the Russian rapid payment system.

It is noteworthy that Unistream came under US sanctions on July 20.

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