The introduction of sanctions has had little impact on the banking sector within Russia. Cards still work, purchases can be paid for by bank transfer. But in today's globalized world, most people use foreign services. You don't have to travel abroad to face the consequences of Russian cards being disconnected from SWIFT.
Over the past two years, the cost of interacting with the outside world has increased. To avoid overpaying, you need to pay attention to more details.
What banking services are available abroad
Direct bank transfers between Russian and foreign accounts are almost never carried out. A foreign bank card is usually serviced abroad without restrictions. It gives full access to international transfers and non-cash purchases.
In different countries, Russians may encounter unexpected vietnam mobile database restrictions when receiving cards and other banking services. The nature of these restrictions may be obvious or hidden. It is not always worth relying only on official statements.
For example, if you are planning to travel to another country and open an account at a local bank, study the information not only on government websites, but also in media reports on the topic or in messages from Russians who have left. Not all governments and banks advertise their restrictive policies.
Difficulties when paying for purchases abroad
Since the beginning of 2022, users of Russian Visa and Mastercard cards have been unable to make purchases through foreign marketplaces. Crossing the border will not help either. Cards are not accepted in banks, restaurants, hotels, or stores. The SWIFT system, which is necessary for exchanging bank data, has stopped working in Russia. Foreign banks simply do not receive data about your accounts and cards to make a payment. Russia has its own data exchange system, so all the same cards work within the country. But the internal system cannot interact with foreign operators.
Similar problems arise with many payment services. Electronic wallets cannot be replenished from Russian bank cards, or the applications themselves do not provide their services in the country.