HSBC has told its customers it is unable to provide investment services to certain Russian nationals. Photo: Sam Tsang
HSBC has told its customers it is unable to provide investment services to certain Russian nationals. Photo: Sam Tsang

Russians lose access to some banking services in Hong Kong due to Western sanctions over Ukraine

  • HSBC sends out letter, seen by Post, saying lender unable to provide investment services to Russian nationals who are not European Union residents
  • While HKMA notes local banks can ignore unilateral sanctions imposed by foreign governments, legal experts say most lenders will not take the risk

HSBC has told its customers it is unable to provide investment services to certain Russian nationals. Photo: Sam Tsang
HSBC has told its customers it is unable to provide investment services to certain Russian nationals. Photo: Sam Tsang
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