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Apple will discontinue App Store support for sanctioned Russian banks
The sanctions imposed by the West have had a significant impact on Russia's financial institutions. Apple has joined the list of global corporations that have severed ties with Russia.
Due to sanctions imposed by the United States and other western countries, Russian banks will no longer be able to use Apple Pay.
Apple has also joined the sanctions against Russia.
Three applications from Promsvyazbank, a state-backed Russian bank, are no longer available on the App Store, according to RBC. Mobile banking, PBS investments, and PBS business are just a few of the applications available.
Following Russia's "special military operation" in Ukraine, Western nations began sanctioning the country. Sanctions have been imposed by the United States on Russia's four largest banks. These sanctions, according to US Vice President Joe Biden, would "limit Russia's ability to do business in dollars, euros, pounds, and yen in order to be a part of the global economy."
PSB informed its users via email that it was working to re-establish the app on the App Store. Those who had not previously downloaded the application are encouraged to do so through the "PSB Internet Bank" website.
According to the US Treasury Department, "all of their assets in US jurisdiction have been frozen, and US citizens and entities are prohibited from doing business with them without special permission from the office of foreign assets control."
The cryptocurrency community has reacted to the Russia-Ukraine crisis.
In the midst of Ukraine's ongoing invasion, the crypto community has stepped in to help the Ukrainian military and people. A total of $4.1 million in cryptocurrency has been donated to the cause.
The CEO of FTX, one of the largest cryptocurrency exchange platforms, recently announced that each Ukrainian who registers on the exchange will receive a free $25 credit. Vitalik Buterin, the co-founder of Ethereum, has also advocated for the end of the conflict, claiming that it would be detrimental to both Ukrainian and Russian citizens. Buterin is a developer from Russia.
Russia had hinted at accepting Bitcoin for international trade prior to the invasion. Putin also stated that Bitcoin mining could generate significant revenue for the country.
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By Crypto PiratesThe sanctions imposed by the West have had a significant impact on Russia's financial institutions. Apple has joined the list of global corporations that have severed ties with Russia.
Due to sanctions imposed by the United States and other western countries, Russian banks will no longer be able to use Apple Pay.
Apple has also joined the sanctions against Russia.
Three applications from Promsvyazbank, a state-backed Russian bank, are no longer available on the App Store, according to RBC. Mobile banking, PBS investments, and PBS business are just a few of the applications available.
Following Russia's "special military operation" in Ukraine, Western nations began sanctioning the country. Sanctions have been imposed by the United States on Russia's four largest banks. These sanctions, according to US Vice President Joe Biden, would "limit Russia's ability to do business in dollars, euros, pounds, and yen in order to be a part of the global economy."
PSB informed its users via email that it was working to re-establish the app on the App Store. Those who had not previously downloaded the application are encouraged to do so through the "PSB Internet Bank" website.
According to the US Treasury Department, "all of their assets in US jurisdiction have been frozen, and US citizens and entities are prohibited from doing business with them without special permission from the office of foreign assets control."
The cryptocurrency community has reacted to the Russia-Ukraine crisis.
In the midst of Ukraine's ongoing invasion, the crypto community has stepped in to help the Ukrainian military and people. A total of $4.1 million in cryptocurrency has been donated to the cause.
The CEO of FTX, one of the largest cryptocurrency exchange platforms, recently announced that each Ukrainian who registers on the exchange will receive a free $25 credit. Vitalik Buterin, the co-founder of Ethereum, has also advocated for the end of the conflict, claiming that it would be detrimental to both Ukrainian and Russian citizens. Buterin is a developer from Russia.
Russia had hinted at accepting Bitcoin for international trade prior to the invasion. Putin also stated that Bitcoin mining could generate significant revenue for the country.
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