Russian Post may stop paying out money transfers from Belarus

Russian Post Federal State Unitary Enterprise may stop paying out postal transfers from Belarus due to a debt of the Belarusian postal service, the Russian company said Thursday.

“Due to a failure of Belposhta Republican Unitary Enterprise to perform its financial obligations provided for by the Agreement on Exchange of International Wire Transfers, Russian Post Federal State Unitary Enterprise warns its clients on possible termination in paying postal transfers from the Republic of Belarus if the debt of the Belarusian postal service to the Russian postal operator is not discharged,” the release of the Russian Post says, ITAR-TASS informs.

Belposhta has recently increased international money transfers fees in response to the currency problems in Belarus. “From April 20, 2011, the rate for international money transfer (postal or electronic) in Belarusian rubles is set at 35 percent of the transfer sum,” the company said.

However, the generally accepted rate for a money transfer in foreign currency is 8 percent of the transfer sum.

Earlier, in connection with problems with purchasing foreign currency in Belarus, entrepreneurial people began to send money transfers in Belarusian rubles to Russia and recipients received them in Russian rubles.