😭 Russia🇷🇺: Kazakhstan🇰🇿 bank cards are no longer an option…

😭 Russia🇷🇺: Kazakhstan🇰🇿 bank cards are no longer an option…

Intermediaries who helped Russians obtain bank cards in Kazakhstan are now offering alternatives elsewhere.

➡️ New regulations took effect on January 19. Banks can no longer issue cards to non-residents with a validity exceeding one year, unless the client holds permanent residency (VNZH).

➡️ The measure was introduced by the Agency for Regulation and Development of the Financial Market of Kazakhstan (ARFR).

➡️ Some major banks have stopped issuing cards to foreigners. For example, Home Credit Bank suspended the issuance of debit cards indefinitely.

➡️ The bright side is that these restrictions do not affect foreigners with residence permits, business owners, diplomats, or investors.

➡️ Strategy shift: For regular clients, intermediaries now offer USD and EUR cards valid for 5 years at the International Bank of Tajikistan🇹🇯 and the financial entity "Humo". They also suggest options in Kyrgyzstan🇰🇬(Bakay, DemirBank, Kompanion) and Uzbekistan🇺🇿 (Asia Alliance Bank, AloqaBank, Kapitalbank, and Octobank).

The impact of sanctions is not mentioned directly in official statements; regulators justify the measure as a way to prevent "illegal use of banking services."

#news #Russia #Europe #bad_news

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