citizens of 25 countries may now open a bank account in Russia remotely

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BalnearioCamboriu said:
BalnearioCamboriu said:
I haven't found any source in english

https://www.rbc.ru/finances/17/10/2023/652e5eb39a79475a01d3aa05
https://www.vedomosti.ru/finance/articles/2023/10/17/1001031-kabmin-utverdil-spisok-stran
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No worries, it can be easily translated.
Potentially interesting for many.

A question remains if it would work if one has one of these passports obtained by investment even if its pretty clear one comes from the "western" bloc.
 
JackAlabama said:
JackAlabama said:
No worries, it can be easily translated.
Potentially interesting for many.

A question remains if it would work if one has one of these passports obtained by investment even if its pretty clear one comes from the "western" bloc.
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Interesting point, so I went back to search to see which countries and found this:
Azerbaijan, Algeria, Armenia, Bahrain, Belarus, Brazil, Egypt, India, Indonesia, Kazakhstan, Qatar, Kyrgyzstan, China, Kuwait, Malaysia, Mongolia, United Arab Emirates, Oman, Pakistan, Saudi Arabia, Tajikistan, Thailand, Turkmenistan, Turkey, and Uzbekistan.

Not sure if any of those are CBIs as I don't know much about CBIs.
 
And what exactly would you do with their banking and their bank card if you are outside of Russia?
 
jafo said:
jafo said:
Interesting point, so I went back to search to see which countries and found this:
Azerbaijan, Algeria, Armenia, Bahrain, Belarus, Brazil, Egypt, India, Indonesia, Kazakhstan, Qatar, Kyrgyzstan, China, Kuwait, Malaysia, Mongolia, United Arab Emirates, Oman, Pakistan, Saudi Arabia, Tajikistan, Thailand, Turkmenistan, Turkey, and Uzbekistan.

Not sure if any of those are CBIs as I don't know much about CBIs.
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Egypt and Turkey offer CBI programs.
Some of these countries, like Qatar and UAE, have like 100 citizens, but with the others we are talking of billions of people. It seems that the Russian banking system is really “isolated from the financial world” rof/%

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BalnearioCamboriu said:
BalnearioCamboriu said:
I haven't found any source in english

https://www.rbc.ru/finances/17/10/2023/652e5eb39a79475a01d3aa05
https://www.vedomosti.ru/finance/articles/2023/10/17/1001031-kabmin-utverdil-spisok-stran
Click to expand...
Click to expand...

Seems a logical step to take when your cutoff from SWIFT, MC and VISA. It means now they will wholly own their financial system without western interference.

They are in effect by such sanctions incidentally making Russia a kind of offshore center. This maybe the early signs of a splitting in the global financial system 😳 . Most banks in Russia are connected to China's CIPS system so can convert RUB to CNY for global payments and then CNY can be converted into pretty much any currency or used directly.

How will US respond...lol? smi(&%

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
 
Martin Everson said:
Martin Everson said:
Most banks in Russia are connected to China's CIPS system so can convert RUB to CNY for global payments and then CNY can be converted into pretty much any currency or used directly.
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From your mouth to God's ears thu&¤#

PS. IRL, I need to buy food, medication, robots, etc etc. I'm on MY side. 😉
 
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