EconomyMaldives’ largest bank halts payments for Russian tourists, leaving hotels turning guests away
Bank of Maldives has rejected accommodation payments for Russian tourists since late October. The Russian tourism industry union said the blocked payments totaled $2 million as of November 6, leaving hotels to demand a second payment or refuse guests. The bank said it does not process transfers connected to Russia under its current policy and regulations. Russia is preparing to appeal to the Maldives, and the two countries’ central banks will hold talks.
Maldives’ largest bank halts payments for Russian tourists, leaving hotels turning guests away