Iran Press/ Europe: Post Finance, one of the largest Swiss banks, Estonian’s LHV Pank, France’s Banque Populaire, and Finland’s S-BANK confirmed to Izvestia that they had blocked such transactions.
Since February, European lenders have been unable to accept deposits in excess of €10,000 from Russians. While no other formal restrictions have been activated across Europe, the existing EU regulatory norms require extra reviews of any funds originating from Russia, the founder of Anderida Financial Group, Alexey Tarapovsky, told Izvestia.
Therefore, numerous financial companies have refused to accept SWIFT transfers from Russia at their own initiative while being reluctant to spend any extra sums on reviews or fearing that a payment accepted by them could come from a sanctioned individual. 219
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