Globalmoney – Russia's last financial mechanism in Ukraine

The uproar surrounding the Globalmoney payment system, which was caught cashing out rubles in the temporarily occupied territories of Luhansk region, is not subsiding.

To carry out its activities, evade taxation, and finance militants, the "First Commercial Centre" is used, which is directly owned by the separatists.

The company also has joint projects with the Russian bank VTB, which has been placed under Ukrainian sanctions and can no longer independently operate within the country. As a result, Globalmoney has effectively become Russia's last financial mechanism in Ukraine.

It is worth noting that advertising on the Global24 page on the social network VKontakte continues to call for cashing out rubles specifically through this system. Moreover, the page states that the company works with "any Russian bank".

However, it cannot be said that the financial institution is doing very well. It is not excluded that it will soon lose its licence to operate in Ukraine altogether. It will have to make do with cashing out only in the occupied territories of Donetsk and Luhansk regions.