Russia bans remittances to Ukraine

Russia’s State Duma approved on third and final reading a bill banning money transfers from Russia to Ukraine, in response to Kiev’s earlier sanctions against Russian-owned banks.

Any country that moves to restrict the functioning of Russian payment systems and remittance transfer providers on its territory will get a similar response from Russia, the bill says, meaning residents of the country won’t be able to receive non-bank transfers, including electronic wires, from Russia.