Filipinos in Russia face struggle in sending remittances as banks bear sanctions

MANILA (Philippine Daily Inquirer/Asia News Network): Filipinos in Russia may experience some difficult in sending remittance to their families in the Philippines as major banks there face sanctions following Russian Pres. Vladimir Putin’s order to invade Ukraine, the Philippine Embassy in Moscow said.

According to the Philippine Embassy on Tuesday (March 1), the Ukraine-Russia conflict has resulted in sanctions imposed against Russian banks such as the Central Bank, VTB and Sverbank.