Russia Reduced the Number of Financial Transactions with Unfriendly Countries by 80%
OREANDA-NEWS Financial transactions of Russia with unfriendly countries decreased by almost 80%, but the number of financial transactions with the countries of Southeast Asia, the Arab world, Central Asia and a number of other states increased by about three times. This was stated by Yury Chikhanchin, head of Rosfinmonitoring, at a working meeting with president Putin.
"Analysis of financial flows, primarily international ones, is underway. I would like to say that transactions with unfriendly countries have decreased by about 80%, but it should be noted that the number of financial transactions with the countries of Southeast Asia, the Arab world, with Central Asian countries and a number of other states has tripled. There are financial flows, which means that the economy is working", Chikhanchin said.
Then he described the changes in financial flows within the country: "The picture is as follows: there is a withdrawal of a part of the clients from the banks that are sanctioned, but these clients switch to other banks, including those with foreign participation. Our main task is to assess the banks where business came so that we wouldn't create problems for business".