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Tinkoff will reportedly only allow staff to be based in three foreign countries due to security concerns Tinkoff, one of Russia’s largest private banks, has banned its staff from working remotely from abroad, except for three countries, business daily RBK reported on Tuesday, citing a representative of the bank.

The sovereign funds have been seized by the West as part of Ukraine-related sanctions Nearly $300 billion worth of Russian forex reserves have been frozen by Western countries since March 2022. The EU has been seeking ways to tap the profits from those funds, but Moscow warned that any such move would constitute theft.