An international ban on Russian banking is having a spillover effect in Israel, where thousands of immigrants from Russia, Ukraine, and Belarus are unable to access financial services
Frustrated by what they say is a lack of response from Israeli banking officials, the immigrants have filed a petition with Israel’s High Court of Justice.
“Immigrants from these countries face significant difficulties transferring legitimate savings and salaries to Israel, with half reporting obstacles despite having proper documentation,” Sophia Tupolev, head of the Economic Integration Association, which petitioned the High Court, told The Press Service of Israel.
The petitioners are seeking regulatory reforms after documenting widespread issues, primarily opening accounts and overseas money transfers.