Stand:updated on 18.12.2023 War in Ukraine and global financial sanctions
Information for consumers
Russia has been waging a war of aggression against Ukraine since 24 February 2022. The European Union and its international partners have therefore imposed extensive packages of sanctions.
How might these sanctions affect consumers’ private financial transactions? What special rules are in place for refugees from Ukraine who wish to open an account or exchange money? BaFin has published answers to the most frequently asked questions on such matters here.
Please note
The extent to which BaFin is permitted to make public statements relating to specific institutions is very restricted. You can find information regarding measures taken by BaFin on our website under Companies > Banks & financial services providers > Measures.
