The Yandex.Money service has been sanctioned by the United States.

The US government is imposing sanctions against Yandex.Money because the company is associated with Sberbank of Russia (which, in turn, has been under sanctions not only in the States but also in the European Union since 2014). Confirmation of this information is published on the website of the US Treasury. In addition to Yandex.Money, the sanctions were also put forward to Mosoblbank, Inresbank, VTB 24, subsidiaries of Sberbank of Russia Sberbank Europe and Sberbank Switzerland, the Yalta film studio and companies based in Crimea.

The Yandex.Money payment system currently has 22 million customers. Sberbank of Russia, which is controlled by the Central Bank of the Russian Federation, is the main shareholder of the company. Sberbank owns 75% of the shares of the Yandex.Money service, which were acquired in 2012 for $ 60 million.

In connection with the annexation of the Crimea, starting in March last year, the United States introduces sanctions against officials and businessmen close to Vladimir Putin, as well as state-owned companies. In this United States supported the European Union, as well as some individual countries.
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In September 2014, the United States imposed sanctions on Sberbank, which as a result fell under the restrictions of “Directive 1”, which prohibits transactions and imposes a veto on debt financing, as well as operations with stocks, property, ownership interests, etc. The Yandex.Money system was also affected, but these sanctions, according to the official service page on Facebook, should not affect the operation of the service and adversely affect customers.