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Russia’s Sberbank now evading sanctions by using Revolut and Germany’s N26

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Russia’s Sberbank, which is disconnected from the international financial information transfer system SWIFT, has the ability to send rubles with conversion into euros to foreign accounts in European banks. This is reported in The Bell. Journalists have found out that Sberbank allows transferring money to accounts of at least two European neobanks: the British-Lithuanian Revolut and the German N26.

Russia’s Sberbank now evading sanctions by using Revolut and Germany’s N26 Read Post »