Ukraine conflict: Current information for our customers
Potential impact on your business
No new business for Russia, Belarus and Ukraine
Due to the developments in the Russia-Ukraine conflict, DZ BANK is currently no longer conducting any new documentary business for Russia, Belarus, and Ukraine. This is irrespective of whether or not there is any risk associated with the transaction. The same applies to other foreign trade and export financing products. We intend to fulfill existing transactions, as far as legally possible, in compliance with the respective applicable sanctions regulations.
Please note that due to the situation in Ukraine and the closure of the airspace, our air freight partner DHL has temporarily suspended the acceptance of DHL Express shipments to and from Ukraine and the acceptance of DHL Express shipments to Russia.
For the processing of existing business in the documentary business, this means that DZ BANK must seek individual arrangements with the foreign banks in Russia, Belarus and Ukraine. This may lead to delays in the processing of documentary business.
Ruble trading suspended
Due to the sanction measures adopted, DZ BANK has suspended trading in rubles. A possible resumption cannot be estimated at present.
Operational implementation of Ukraine/Russia-related sanction and suspension of Russia- and Belarus-related payments.
In view of the ongoing situation in Ukraine, the European Council has tightened its sanctions against the Russian Federation and adopted further restrictive measures in various sectors, in particular defense, energy, aviation and finance.
In the following, we inform you about the measures initiated by DZ BANK:
Implementation of list entries
All list entries published by the EU are continuously adopted by our systems and thus used in the verification of payments. This applies to SEPA, foreign payments and real-time payments (Instant Payment).
SWIFT exclusion of Russian banks
We are in ongoing contact with SWIFT regarding the exclusion of banks.
Suspension of payment transactions with reference to Russia, the Occupied Territories and Belarus
Payment transactions with reference to Russia/Belarus have been stopped until further notice. This measure serves in particular to prevent sanctions violations. At present, we are also unable to ensure successful payment processing with Russia and Belarus. The rejection of payment orders therefore also serves to protect funds.
Are payments to Ukraine still possible?
Currently there are no sanctions against Ukraine. Technically, the credit institutions can be reached. Nevertheless, no statement can be made about the extent to which the banks are operationally active.
Suspension of TIPA payments in CZK currency
Due to the aforementioned sanction measures, the processing of CZK TIPANET payments to the Czech Republic is also no longer possible.