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Comment by egorfine

9 months ago

> only the sanctioned parts of Ukraine were impacted

First of all, banks couldn't care less about telling apart different species of Ukrainian people. Second, for any bank in the world it's a matter of cost of finmonitoring. And for each and every customer the cost of compliance is always higher than the profit from this person's transaction. Therefore, banks have strong incentive to refuse service for any person that is remotely unordinary. Hence "debanking": https://en.wikipedia.org/wiki/Debanking