EU sanctions on Zolotaya Korona cut Russia-Kazakhstan transfers nearly 12-fold

EU sanctions on Zolotaya Korona, a key Russian cross-border payment system, have sharply reduced remittance flows between Russia and Kazakhstan and Georgia, per central bank data. The drop reflects the effectiveness of sanctions in disrupting Russia's financial connectivity with former Soviet states. Uncertainty remains over the long-term impact and potential circumvention via alternative channels.