Legal Restrictions on Using Sanctioned Banks

Due to international sanctions, certain Russian banks (e.g., Bank of Moscow, Rosbank) are restricted for foreign transactions. Foreigners should avoid opening accounts with these institutions, as card transactions may be blocked abroad. Instead, opt for banks that maintain SWIFT connectivity and have a clear compliance record, such as Tinkoff, Alfa‑Bank, or Sberbank’s International Services division. Regularly monitor the bank’s status on the sanction list published by your home country’s ministry of finance. Non‑compliance can result in frozen funds and legal complications.