EconomyTransfers between Russia and Kazakhstan plunge nearly 12-fold after EU sanctions on Zolotaya Korona
Money transfers between Russia and Kazakhstan and Georgia dropped sharply after the EU sanctioned Zolotaya Korona’s operator in late July. In August, transfers from Russia to Kazakhstan fell nearly 12-fold, while transfers in the opposite direction fell more than 14-fold. Russia-to-Georgia transfers reached their lowest level in over 20 years, and transfers to Russia fell to zero for the first time on record. Experts said the sanctions damaged the payment system’s business.
MMeduza★★★☆☆2026-10-01 16:37Original
Transfers between Russia and Kazakhstan plunge nearly 12-fold after EU sanctions on Zolotaya Korona