The YooMoney team, along with its partner banks, continues to looks into the recent restrictive measures. We will use all of our collected expertise to minimize the impact of external factors on services for provided to our foreign clients. Below you can find the answers to the most urgent questions.
The recently imposed sanctions have affected several Russian banks. Those include restrictions on dollar transactions for these banks as well as restrictions on correspondent accounts of Sberbank in the United States 30 days after the measures come into force (however, the bank assets in this country are not frozen).
We have temporarily suspended payment acceptance and settlements for companies from 43 countries, with the full list provided below. This measure covers settlements on payments that were accepted earlier but were not yet transferred to these companies.
This is a necessary measure taken in accordance with the instructions from the Bank of Russia, which has ordered to suspend such payments for the period of March 1 to March 31, 2022. We'll notify you as soon as payments become available.
British Virgin Islands
Once payment acceptance is available again, we will inform you immediately, both directly and through the official channels of the company. Currently, the restriction is set until the end of March.
Once payment acceptance is available again, we will inform you immediately, both directly and through the official channels of the company.
Currently, payment acceptance is available for the following merchants:
a) merchants that are based in countries not included in the Central Bank’s list and whose settlements are made in rubles;
b) merchants that have a business account in Russia.
In short: online payments within Russian will continue to work as usual.
SWIFT is an important channel of communication between banks around the world, but it’s not the only one of its kind. Since 2014, Russia has had its own equivalent of SWIFT called SPFS (System for Transfer of Financial Messages), created so that banks could process payments within the country in case of external restrictions. Therefore, online payments within the Russia will continue to work without changes.
This measure affects the banks that were sanctioned by the United States and European Union. The clients of those banks won’t be able to pay with their cards abroad, but they can still make payments within Russia and access the funds held on the accounts linked to these cards.
Visa and Mastercard cards issued by other banks will continue to work in Russia.
All card transactions are processed domestically. For years now, the cards from these payment systems issued in Russia have been operating on the basis of the NSPK (National Payment Card System), as required by law. Therefore, they will continue to work as usual within the country.
At this time, acquiring in currency is unavailable. We will additionally inform you when the feature is available for use.
Yes, if the mutual settlements are made in rubles on the territories of Russia or the countries that are not included in the sanctions list.