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

[BalnearioCamboriu]

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

 

[jafo]

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

Thank you for sharing.

 

[JackAlabama]

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

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.

 

[jafo]

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.

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.

 

[Marshal]

And what exactly would you do with their banking and their bank card if you are outside of Russia?

 

[JohnnyDoe]

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.

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”

 

[BalnearioCamboriu]

And what exactly would you do with their banking and their bank card if you are outside of Russia?

outside - not much, but there're countries wherein Mir card works. Not without flaws, though
investments, real estate -- whether in or outside of the country

 

[Martin Everson]

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

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?

 

[jafo]

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.

From your mouth to God's ears

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