The Israeli Ministry of Finance will discuss with banks ways to withdraw money from immigrants from Russia

Due to Western restrictions against the Russian banking sector, tens of thousands of immigrants receiving Russian pensions cannot use them in Israel.Israeli banks refuse to approve transfers due to sanctions

The Israeli Ministry of Finance is looking for ways to enable immigrants from RUSSIA to transfer money to Israel from their accounts in Russian banks, Israeli Calcalist and REUTERS write, citing a senior source in the department.

About 57 thousand immigrants from the countries of the former USSR live in the country, who receive pensions in Russia, but cannot use their funds in Israel. There are also Israeli citizens who keep part of their money in accounts in Russia.

“There are citizens who are not under sanctions who ... are trying to transfer their money from there to Israel through financial institutions operating in Russia and not under sanctions, but experiencing difficulties due to the refusal of Israeli banks to approve transfers,” the agency source said.

Abramovich's partner announced the blocking of accounts by Israel due to sanctions Politics

The agency indicates that on July 19, Finance Minister Avigdor Lieberman will hold talks with representatives of the Bank of Israel "on the transfer of funds from Russia to innocent citizens living in Israel." Calcalist noted that about four months ago, Lieberman had already met with bank executives and discussed this issue.

Israel has not joined the sanctions against Russia, but the country's Foreign Minister Yair Lapid noted that the country will not become a route to circumvent the restrictions imposed by the US and other Western countries.

The EU imposed restrictions on the deposits of Russians in Europe and the purchase of securities in euros Economics

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After the start of the Russian special operation, the US and the EU imposed sanctions against the Russian banking sector. The assets of Russian credit institutions, including Otkritie, VTB and Sovcombank, were frozen, transactions with them are prohibited. Some Russian banks, including VTB and Sberbank, have been disconnected from the SWIFT system.

Due to the departure of Visa and Mastercard, Russians cannot use the cards of these systems outside of Russia.