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How billions in dollar, euro notes are entering Russia despite strict global sanctions: Report

IndiaTimes Monday, 12 August 2024
Since the 2022 export prohibition of US and EU banknotes to Russia, about $2.3 billion in dollars and euros were still sent to Russia, indicating ways to bypass sanctions. Data revealed cash shipments primarily from the UAE and Turkey. Despite Moscow's attempts to reduce reliance on hard currencies, foreign cash remains crucial for trade, travel, and savings for many Russians.
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