Infotech

How Russians Get Around Sanctions Using Banks From Former Soviet Republics



Posted Apr 14, 2022, 11:15 AMUpdated on Apr 14, 2022, 4:47 PM

The departure is scheduled for April 17 from Moscow. For the equivalent of around 550 euros, the Russian tour operator BSI Group offers a special three-day tour to Tashkent, the capital of Uzbekistan, in order to obtain a Visa or Mastercard from a bank in the country. “Why is it convenient to issue international cards in Uzbekistan? “, boasts the tourism operator. Because the issue of the bank payment method is guaranteed “in 1 to 3 hours” with the sole provision of a passport, he promises. Also on the program: the purchase of foreign currencies, dollars or euros, “including in cash” or even the purchase of “gold bars that you can take with you”.

Faced with Western sanctions targeting the Russian banking system and the blocking by Visa and Mastercard of their bank cards in Russia, Russian tour operators have seized the opportunity. “A little rest, decompress and solve important financial problems at the same time”, promises the offer of BSI Group.

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