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Don

Active Member
Any recommendations for EU based business for banking with Belarus?

The company wants to import goods (non-sanctioned) from Belarus.
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
Any recommendations for EU based business for banking with Belarus?

I just want to be clear. You don't care where bank is located? Also which currencies you looking at?
 

Don

Active Member
I just want to be clear. You don't care where bank is located? Also which currencies you looking at?
Dont care where the bank is located. The funds are in EUR.

Its a bit tough call as importing wood from Belarus is currently sanctioned by EU while the particular products made out of wood are allowed. Havent been able to find an institution willing to get involved in such business.

Would like to better understand the options before investing in setting up a structure somewhere. Thank you, gentlemen, for any inputs.
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
Humm...I don't feel comfortable mentioning a solution on this until I checkout the sanctions situation myself.

Have a nice weekend.
 
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Sols

Staff member
Mentor Group Gold
Raiffeisen (Priorbank) comes to mind. It's a major European bank with a pretty strong presence in Belarus. They are probably the more familiar with Belarusian sanctions than practically any other European bank.

They have a higher risk appetite than most banks their size, but they prefer to onboard companies that are at least 2-3 years old and have decent turnover already.
 
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Don

Active Member
Raiffeisen (Priorbank) comes to mind. It's a major European bank with a pretty strong presence in Belarus. They are probably the more familiar with Belarusian sanctions than practically any other European bank.

They have a higher risk appetite than most banks their size, but they prefer to onboard companies that are at least 2-3 years old and have decent turnover already.
Thanks will give it a try. Had no luck with otherwise willing Cimbanq.
Company is 10+ years old and generates 4m/year.
 
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