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Sanctions against the Russian banking system interfere with the transfer of Russian retirement payments to citizens of the country living abroad. In particular, Israeli residents with Russian passports experience difficulties in receiving payments. Elderly people are recommended to get their payments in Russia, RBC reports.
Israel is one of the largest countries in the world in terms of the number of Russian pensioners; according to statistics, 52,500 of them live in the country. Difficulties in receiving the payments arose due to the retention of funds in correspondent banks. Israel did not impose sanctions against Russia similar to Western ones, but the country's banks adhere to the restrictions.
It is noted that residents of Israel who came from Russia or the USSR were informed that they could receive their retirement payments in Russia or use cross-border transfers. More than 17,000 pensioners cannot receive their payments; previously, transfers were carried out on the basis of an agreement between Russia and Israel from 2017.
Russkiy Mir
