One of the largest banks in Serbia, Alta Banca, had its license revoked and all operations were frozen. Many Russians who moved to Serbia opened accounts there. The most difficult situation is for entrepreneurs who need to pay taxes immediately, as well as those who do not have a long-term residence permit or a work contract in Serbia. Review of applications to open accounts in other banks may take months.

One of the largest banks in Serbia, Alta Banca, had its license revoked and all operations were frozen. Many Russians who moved to Serbia opened accounts there. The most difficult situation is for entrepreneurs who need to pay taxes immediately, as well as those who do not have a long-term residence permit or a work contract in Serbia. Review of applications to open accounts in other banks may take months.