In connection with the inclusion the VTB Bank onto the list of organizations that fall under the US sectoral sanctions, cardholders have any concerns about possible restrictions on card transactions. "A request was sent to the VISA company regarding this issue, which confirmed that there were no restrictions on the use of their cards in any country, including Russia, and never will be," said the bank VTB Azerbaijan.
«Visa confirms that sectoral sanctions announced by the US Treasury Department on December 22, 2015, do not affect the operations on transactions using cards Visa,» said the response to the company Visa.
VTB Azerbaijan recalled that there are no restrictions for the rest of the card payment systems.
* VTB-Azerbaijan is part of VTB Group, a Russian international financial group. It operates in 20 countries. The main shareholder of VTB with 60.9% interest is the government.
The official opening of VTB Bank (Azerbaijan) took place on November 23, 2009. Currently, 51.00% are owned by the Russian side (VTB Bank PJSC), 48.99% and 0.01% - Azerbaijan (respectively "AtaHolding" and an individual.) -06D—
Economics
-
The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
-
Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
-
Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
-
Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
Leave a review