Alfa-Bank Introduces Limit on Russian Ruble Cash Deposits

Belarusian Alfa-Bank introduced a limit on cash deposits in Russian rubles into individuals’ current accounts from July 15.

The limit is 500,000 Russian rubles per calendar month in total across all accounts held by an individual with the bank.

Earlier, Belarusian Sber Bank introduced a limit on cash deposits in Russian rubles onto cards at its bank branches. Before that, several Belarusian banks introduced fees for Russian ruble deposits into non-residents’ settlement accounts.