About the event
International banks are increasingly tightening restrictions on transactions involving Russia and Belarus, posing significant challenges for businesses. With major players like Deutsche Bank, UniCredit, and ING Group implementing stricter policies or exiting the market entirely, companies face growing uncertainty in payment processing and encounter additional challenges with currency control and tax compliance.
Several key developments are reshaping the financial landscape:
- Deutsche Bank will halt all transactions to/from Russia and Belarus across its group starting mid-March 2025, citing heightened compliance, financial, and reputational risks. This move may disrupt payments for international businesses still engaged in the supply of non-sanctioned goods and services.
- UniCredit Bank (Russia) has reported increasing difficulties with outbound Euro payments, with most transfers being rejected and returned by its Italian correspondent bank, UniCredit S.P.A., due to internal restrictions. While inbound payments in Euros are still being processed, outbound transactions for individuals have been completely suspended.
- ING Group has announced its complete exit from the Russian market, selling its business to a local financial investor. The transaction, expected to finalize by Q3 2025, will mark the bank’s total disengagement from Russia, reinforcing the trend of Western financial institutions withdrawing from the region.
Stay ahead of these changes! Join us at our upcoming event, where SCHNEIDER GROUP experts will provide invaluable insights into these shifts and share best practices, with a special focus on:
- Practical payment challenges – How businesses are affected by new banking restrictions and real-world case studies.
- Currency control strategies – Navigating offset liabilities and optimizing transactions amid tightening regulations.
- Tax and banking regulations – Key reforms, compliance risks, and their impact on financial operations.
Current Dynamics of the Russian Banking Landscape
- Latest regulatory and policy changes
- Practical insights on transaction processing and banking restrictions
Currency Control Restrictions and Liability Offsets with Foreign Companies
- Asset management under new regulatory conditions
- Banking practices and strategies for currency optimization
Tax Implications
- 2025 Tax reform and its impact on financial transactions
- Practical insights for tax optimization
Q&A
About speakers
His expertise includes, among other, a broad range of tax law areas: tax planning, structuring and optimization, tax compliance, international taxation, as well as currency regulation and control planning and compliance.
He speaks Russian and English languages.
Alexander joined SCHNEIDER GROUP in 2014. With 8 years of experience, he leads complex interim management projects as a temporary/permanent general director, branch director, or head of a representative office for international companies.
Alexander possesses a proven record in diverse industries, including machinery, construction, chemicals, pharmaceuticals, food, agriculture, fashion, and IT. His core competencies lie in project implementation, coordination, planning, risk assessment, and stakeholder communication.
Alexander holds a university degree in economics with a specialization in the foreign activities of enterprises, complemented by a Master's degree in international business from St. Petersburg State University. His professional expertise is further strengthened by certifications in project management, IT service management, and project governance.
Alexander is fluent in Russian and English.Alexey joined SCHNEIDER GROUP in 2024 as Management & Financial Solutions Project Lead. He is responsible for the development of services and solutions for international payments.
Alexey has extensive knowledge of Russian banking sector. His professional experience in the banking sphere is over 15 years. Previously, he worked in the Russian divisions of major international banks Citibank and Credit Agricole CIB as a senior manager for foreign corporate clients. Alexey led projects related to the provision of a wide range of banking products and services for business development of international companies in Russia.
Alexey holds a Master's degree in Banking Administration of the Academy of Economic Studies of Moldova.
Communication languages: Russian and English.
Julia joined the company in 2007 as accounting assistant and has worked her way up to the position of finance & accounting director, leading a team of 25 accountants. She supervises internal projects on development of add-ons for 1C systems to automate routine accounting tasks and operations.
Julia is a regular trainer at SCHNEIDER GROUP’s internal Starsacademy, conducting workshops for accountants and the author of internal standards for preparation of management reporting and transformation of reporting according to Russian accounting standards (RAS) into management reporting according to customer’s requirements.
Julia graduated with an honours degree in Accounting, Analysis and Audit from the Academy of Budget and Treasury of the Ministry of Finance of the Russian Federation (merged with Financial University under the Government of the Russian Federation in 2012) and holds a diploma in International Financial Reporting from the Association of Chartered Certified Accountants (ACCA) in Russian (DipIFR (Rus)).