Important Notice Regarding The Russian Ruble (RUB)
In line with many financial institutions, we have reduced exposure to the Russian Ruble, (“RUB”) and have discontinued all cashiering services for Russian Rubles, including all withdrawals and currency conversions.
Specifically:
Deposits in RUB: We are no longer accepting deposits of RUB. Any deposit in RUB will be rejected.
We will periodically convert RUB balances to USD or EUR, depending on the entity with which you have an account.
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We will convert RUB to USD or EUR according to your entity:
| Entity | Target Currency |
|---|---|
| IBLLC | USD |
| IBCE | EUR |
| IBUK | EUR |
| IBIE | EUR |
| All Others | USD |
Withdrawals in RUB: We are not able to accommodate RUB withdrawals at this time.
Base Currency: We do not currently allow clients to maintain RUB as their base currency. If you previously used RUB as your base currency, we converted it to USD or EUR depending on which entity your account is with (see chart above).
We are fully committed to complying with all applicable sanctions laws. We appreciate your cooperation and your business.