As an update to our announcement on 15 June 2023 regarding high bank fees on incoming US dollar transfers implemented by Raiffeisen Bank, we would like to advise that the Fund has secured a new payment channel to remit UNJSPF pension payments in Russian Ruble (RUB).

The Fund has coordinated with the UN Treasury to allow UNJSPF pension benefits to be remitted in RUB to banks in the Russian Federation.

The Fund will inform the concerned retirees and beneficiaries about this new payment channel, including detailed instructions on how to update their Payment Instruction.