Bahamas

Bahamas

Bans all transactions by financial institutions under its jurisdiction with Russian entities

13 Apr 2022

On 13 March 2022, the Government of the Bahamas prohibited all transactions by its national financial institutions with Russian entities that are already targeted by European and United States economic sanctions, in response to the situation in Ukraine.

Nature of measure:
  • Treatment and operation
Type:
  • Treatment and operation (Capital transfer and FOREX, Other)
Industry:
  • Services (Financial and insurance activities)
Inward FDI:
No
Outward FDI:
No
Sources: