Bank of Georgia Restricts Luxury Spending for Russian Cardholders

Bank of Georgia Restricts Luxury Spending for Russian Cardholders

The Bank of Georgia has restricted Russian cardholders from making luxury goods purchases of more than 300 euros, Russian and Georgian media reported Thursday.

One of Georgia's largest banks, Bank of Georgia (BoG), restricted the payment of luxury goods to Russian customers in luxury shops around the world to more than $300 or euros, reported that the RBC (subscription is available and rescheduled by Forbes).

One of Georgia ' s largest banks, Bank of Georgia, has restricted the purchase fees of Russian customers from luxury shops around the world, reporting to RBC. The ban has been in effect since 21 May.