The conflict in Ukraine has a huge impact: not only the human suffering is great, but also the economic implications of this war. Here you can find information about the possible consequences for payment systems, customers and businesses.
Access to a bank account is essential to be able to function in our society. That’s why Belgian banks are offering a basic banking service to residents of Ukraine who have had to leave their country because of the war. This service allows them to open a checking account for various banking transactions.
The various economic sanctions taken in the context of the Ukraine-Russia conflict can also have an impact on payment transactions for consumers and businesses.