Currency transfers to Georgia through Tinkoff Bank have been temporarily stopped, as the correspondent bank does not process transfers. This was reported to TASS in the support service of a credit institution.
“Unfortunately, at the moment we do not transfer to Georgian banks. This is due to the fact that our correspondent stopped processing transfers to Georgia,” the support answered the question of whether it is possible to make a currency transfer to Georgia. In October 2022, the bank already suspended foreign exchange transfers to some countries, among them was Georgia.
According to information on the bank’s website, at the moment, dollars can be sent to some banks in Azerbaijan, Armenia, Belarus, Kazakhstan, China, Kyrgyzstan, Mongolia, Tajikistan and Uzbekistan, euros to some banks in China and Uzbekistan. Transfers of any currency are available to Abkhazia and South Ossetia, but the bank is advised to transfer money in rubles.
On February 25, Tinkoff Bank came under EU sanctions. The bank said that the sanctions would not affect the work of the credit institution. On February 26, Tinkoff Investments suspended trading in foreign securities and clients’ trading on the stock exchange in euros, and the next day, at the opening of trading on the Moscow Exchange, TCS Group receipts (Tinkoff’s parent structure) fell by 12.77%. On March 2, the Tinkoff app disappeared from the AppStore.
For more details, see the Kommersant publication “Tinkoff Investments is looking for workarounds.”
