EU Slaps 94 Russian Banks Including Yandex and Ozon With Sanctions
The financial isolation tour from the EU just dropped its latest package, and suddenly every major digital wallet in Moscow is reassuring users that totally nothing bad is happening.
The EU approved its 21st sanctions package targeting 94 financial entities, effectively cutting off the banking arms of e-commerce giants like Ozon, WB, and tech behemoth Yandex alongside traditional institutions like Rosselkhozbank and MTS Bank.
The new restrictions hit the Moscow Exchange and key executives, including Central Bank deputy governor Sergey Belov and RZD head Oleg Belozerov, as well as digital payment processing networks.
Despite corporate statements claiming all systems are operating normally, immediate side effects saw money transfer operator Zolotaya Korona halt cash remittances to Georgia and several other international destinations.
Mobile banking apps for the newly targeted institutions face imminent removal from the App Store and Google Play, mirroring previous blocks against Russian media and tech platforms.
Watching mega-corporations insist that losing global clearing networks and app store access is just an operational minor detail remains the ultimate masterclass in corporate coping strategies.
Source: European Council
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