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If the unreliability of the traditional banking system is due to sanctions, then that would suggest that what you are doing is circumventing sanctions and thus

• twelve40 4y ago
  Unless they are dead set on specifically sending money to the 7 sanctioned institutions, there is absolutely nothing illegal or unstable about this. Source: me wiring modest amounts regularly to my own accounts there to pay local taxes and other things from my regular US bank accounts.
• usr1106 4y ago
  Not sure whether it is illegal. I certainly don't like the imperialistic US view that their sanctions are globally binding. Citizens and businesses from other countries should not be bound by US laws while not being on US ground. But I think that these sanctions against Russia are ethically justified. So circumventing them is unethical for me, whether illegal or not. Edit: Saying that these sanctions are ethically justified does not imply that they would be the most efficient or effective way to stop the war.
  • Veen 4y ago
    A currency exchange recently got a substantial fine for allowing users to circumvent sanctions. https://www.reuters.com/business/finance/crypto-exchange-bittrex-fined-53-mln-by-us-treasury-dept-2022-10-11/ https://www.reuters.com/business/finance/crypto-exchange-bit...