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Ukraine

Frequently asked questions about the war in Ukraine

The impact of the Russian invasion of Ukraine can be felt all over the world. First of all for the inhabitants of Ukraine and their loved ones. But the global economy is also hit hard. The sanctions imposed on Russia by the European Union are affecting the payment systems of all Dutch / Belgian banks, including those of ABN AMRO. There is also a high risk of cyber-attacks and fraud. We are doing everything we can to protect you against this. On this page you can read more about the impact of the sanctions on your banking.

Your payments and the SWIFT network

As of 12 March, seven organisations designated by the European Union and their subsidiaries in Russia will be cut off from the SWIFT network. After this, it will no longer be possible for us to exchange payments with the parties listed below.


BIC Name
VTBRRUMM JSC VTB Bank
VTCARUMM JSC VTB CAPITAL
MOSWRUM2 BM-BANK JOINT-STOCK COMPANY
POSBRUMM POST BANK JOINT STOCK COMPANY
CNOVRUMM NOVIKOMBANK JSC
PRMSRUMM PROMSVYAZBANK PJSC
JSNMRUMM BANK TKRITIE FINANCIAL CORPORATION (PUNBLIC JOINT-STOCK COMPANY)
OBJSRUMM OTKRITIE BROKER JOINT STOCK COMPANY
RUIDRUMM ROSGOSSTRAKH BANK
ROSYRU2P THE ROSSIYA BANK
SOMRRUMM SOVCOMBANK
DALVRU8X ORIENT EXPRESS BANK
BFEARUMM VEB BANK (VNESHECONOMBANK)
EIRRUMM EXIMBANK OF RUSSIA JSC

Make your payments before these dates

Do you want to make a payment to one of the above banks? If so, please make the payment before the time mentioned below. If the payment is to a bank or receiver already on one of the sanctions lists, it will not be executed by us.


Account currency you are paying from  Currency of payment Date Time
EUR GBP 9-3-2022 12:00
EUR USD 9-3-2022 12:00
EUR EUR 11-3-2022 12:00
USD USD 11-3-2022 12:00
GBP GBP 11-3-2022 12:00
RUB RUB* 10-3-2022 12:00
EUR RUB* 9-3-2022 12:00

* Payments in Rubles (RUB) can only be made by us on a best effort basis and we cannot guarantee that the transaction will be completed before closing.

Frequently asked questions about payments from and to Russia, Belarus and Ukraine

Can I still transfer money to Russia and Belarus?

Making payments to Russia, also in Euros (EUR), is becoming increasingly difficult. This is because the EU has imposed sanctions on SWIFT, as a result of which 7 Russian banks will soon no longer be accessible for payments and other financial services (FX, Trade Finance). Payments in Russian Rubles (RUB) may be delayed or possibly not executed at all. Payments with Belarus are still possible.  

Furthermore, there are sanction restrictions for US Dollars (USD) and British Pounds (GBP). Two major Russian banks, Sberbank and VTB Bank, have been placed on the sanctions list by the US authorities. Payments in USD with VTB Bank or with clients of VTB Bank are no longer possible. For Sberbank, the USD restrictions will take effect on 26 March. The UK authorities have done the same for VTB Bank, so GBP transactions with this bank are no longer possible. In the European Union, Sberbank and VTB Bank are on the sanctions list, but only in connection with restrictions on access to capital markets. Ordinary euro payments with these banks or with their customers are still possible.

Can I still receive incoming payments from Russia and Belarus?
It is becoming more difficult to make a payment from Russia and Belarus to an account holder at ABN AMRO, due to the measures related to SWIFT. For payments in RUB, these may be delayed or possibly not executed at all.
If I send money to Russia, Belarus or Ukraine today, will it arrive the next day?
The banks in Russia, Belarus and Ukraine are still available to receive our payment instructions. However, we cannot guarantee if and how quickly they will make these payments.
To what extent is ABN AMRO affected by the SWIFT sanctions?
The closure of some banks in Russia from the SWIFT network was officially announced on 2 March 2. SWIFT is now going to shut down the 7 mentioned banks, which means that these banks and their customers can no longer execute transactions via SWIFT and vice versa, we can no longer execute transactions to their customers.
Do the sanctions also apply to shares?
Yes. There are specific sanctions on shares and bonds of certain Russian parties. This has been the case since the annexation of Crimea, and these sanctions have recently been extended. For questions and answers about the impact on investments, please refer to our investment news.