It matters not if the bank is stable or not. It matters that mere allegation caused ECB to switch off their operations. On the other side, we have at least two other banks who are openly continuing to work in russia against sanctions and they don’t get the same treatment.
One of the biggest banks in Latvia, ABLV, had their banking license pulled overnight and was forced into liquidation for a mere SUSPICION of enabling money laundering operations for/through russia. Later it was found that it was not guilty. That was before the war. It bewilders me the there are still at least two banks that continue operations in russia and ECB has not persecuted them to the same extent as a Latvian one.
Same. Started suspecting that its app-only.