Pinoys in Russia said: Sanctioned banks promise normal operations

A man walks past a digital sign displaying the euro and U.S. dollar exchange rate at a currency exchange office in Saint Petersburg, Russia, February 28, 2022. Anatoly Maltsev, EPA-EFE

PH Embassy allays fears of hampered remittances

MANILA — Filipinos in Russia who are having difficulty transacting at their banks and sending money to the Philippines can contact their banks for assistance, the Philippine Embassy in Moscow said in a message on Tuesday. Facebook.

Some 70% of the Russian banking system has been subject to sanctions, as part of an international response to the Russian invasion of Ukraine.

The Philippine Embassy said the sanctions had hit the Russian Central Bank and other major financial institutions, such as VTB and Sberbank, hard.

“Dahil dito, maybe makaranas tayo nga kaunting isyu en pagpapadala ng to pera sabas ng Russia, especially to support the family,” the embassy said.

He called on Filipinos in Russia not to panic over the financial climate.

“Nakatanggap po ang Embahada ng sulat from Bangkok, VTB, na puspusan ang pagtatrabaho upang mapanatiling kalmado ang kanilang mga kliente and kaunti lamang ang maramdamang perwisyo in ating pang-araw-araw na pinansyal na transaksyon, lalo sa pagwithdraw ng pera at paglipat ng pera sa bansa,” the embassy said.

“Ayun in agreement with the Central Bank of Russia, providing financial support (in rubles and foreign currencies) for sanctions against Bangko. customer support, all operations with ruble currency.

“Kung sakali na kayo po ay nakararanas ng konting isyu o kahirapan sa karaniwan ninyong pinansyal na transaksyon, minumungkahi po namin na makipag-ugnayan kayo kaagad sa customer support inyong bangko para kayo is mappayuhan kung paano maremedyuhan ang inyong isyu sa inyong bangko.”

The severe financial sanction imposed by the West caused the ruble to fall, with the Russian currency losing almost 30% against the dollar as of midday.

Russia has announced temporary restrictions on foreigners seeking to exit Russian assets, curbing an accelerating investor exodus driven by crippling Western sanctions.

Meanwhile, Filipinos residing near the border between Belarus and war-torn Ukraine have been urged to “be vigilant” amid the Russia-Ukraine crisis.

The Philippine embassy said in a statement that Filipinos in Belarus were not at risk but should monitor advice from the embassy and Belarusian authorities.

“As part of our normal work here at the embassy, ​​we stand ready to provide assistance to Filipinos who wish to migrate voluntarily for humanitarian reasons in coordination with the host country authorities, which is our normal mandate,” said- he declared.

Filipinos have been advised to contact the Embassy through its 24/7 hotline at +79067382538 (Whatsapp, Viber and Telegram), or local Belarusian authorities in case of emergency.

The announcement came a week after the start of the deadly conflict between Ukraine and invading Russia.

According to the UN refugee agency, more than 660,000 people, mostly women and children, have fled Ukraine to neighboring countries such as Poland and Romania since the invasion began.

—With a Reuters report

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