
The US imposed severe sanctions on the money transfer system Unistream, Tinkoff Bank and Loco Bank
The Russian media reports Unistream was one of the most popular systems for making money transfers from Russia to different countries.
However, Unistream says it has developed "an infrastructure solution that allows it to continue working with partners as usual under the sanctions imposed by the United States. This decision will be implemented as soon as possible. What exactly is at stake, the bank does not specify.”
Unistream is the most popular system in Georgia for making money transfers, and recently it ranks first among money transfer systems.
In June 2023, the volume of remittance flows into the country amounted to 353.2 million USD (924.5 million GEL). Russian Unistream ranks first among remittance systems, through which $77 million entered the country in June alone. In the first half of 2023, the amount of $762 million was transferred to Georgia through the mentioned system.
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One US dollar trades at GEL 2.7118
18/07/2025