Russia is expected to be cut off from another bank at the end of the month.

A source told Bloomberg that OCBC in Singapore planned to stop processing Russian transactions.

The bank would be following lenders in China, which have largely pulled back from Russia.

Another bank appears to be turning its back on Russia as lenders grow worried about doing business with Moscow under the threat of Western sanctions.

Oversea-Chinese Banking Corp., the second-largest lender in Singapore, told its clients it would no longer process any transactions related to Russia as of the start of November.
The new restrictions aren't expected to significantly affect the bank, given that OCBC hasn't opened new accounts for Russian clients in two years.
All Chinese banks had stopped processing payments from Russia out of fear of being targeted.

Russia, meanwhile, has nearly depleted its yuan reserves, and businesses were locked out of billions earlier this year amid payment issues abroad