Bank of Maldives rejects Russian tourist payments

What happened before and after this story. Background events not previously covered were summarised by AI.

1. 24 Feb 2022Background

   Russia's invasion of Ukraine triggers sweeping Western sanctions

   After Russia launched its full-scale invasion of Ukraine on 24 February 2022, the US, EU and allies imposed sweeping sanctions on Russian banks and businesses.

2. 1 Dec 2022Background

   Russia becomes the Maldives' largest tourist market in 2022

   In 2022 Russia became the biggest source of visitors to the Maldives, as Russians turned away from Europe after the war in Ukraine began.

3. 

   9 Nov

   Maldives' biggest bank stops taking payments for Russians' holidays

   Bank of Maldives has been rejecting payments for tourist stays since late October, and some hotels are now turning Russian guests away.