Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Cyprus Allows Russian Banks to Withdraw Funds
15.05.2013 20:20
Cyprus Allows Russian Banks to Withdraw Funds
Photo Credit: http://www.dni.ru

The Cypriot Finance Ministry has lifted the freeze on financial transactions for the subsidiaries of two Russian banks.

      The permission will allow the Russian Commercial Bank, owned by VTB, and the local subsidiary set up by Promsvyazbank to withdraw funds that would otherwise be exposed to a rigorous haircut.

      Cyprus was forced to accept the terms of the EU-proposed bailout to avert an imminent collapse of its banking sector. 




Author: Mikhail Vesely

Tags: VTB Promsvyazbank Russian banks   

Next Previous


You might also find interesting:

The Russian Government Restricts Traffic through 16 Checkpoints on the Border with China
30.01.2020
Russian Airlines Continue Flying through Iranian Airspace
14.01.2020
Russia Closes Access through Checkpoints on the Border with Mongolia for Chinese Citizens
31.01.2020
Russia Lost Three Lines in the Ranking of World Passports
21.01.2020







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Jewellery  Alexander III  Moscow  Kirov  Russian markets  Book Tickets for Ballet  Pushkin Museum of Fine Arts  Kuril Lake  Alena Akhamdullina  South Stream  Mercedes-Benz Fashion Week   Opposition  Mercedes-Benz Fashion Week Russia  Graffiti  Vladimir Narbut  Twitter  Russian children  Faberge Eggs  Sergey Eisenstein  Must See Places  Monuments in Moscow  Andrei Arshavin  Association of the European Business  European Championship 2016  Russian business  Alexander Vakhrameyev  Russian festivals  travel to Russia  Russian Muslims  Russian Stage Directors  Sergey Prokofiev  fuel  Rashid Nurgaliyev  Legal Services in Russia  Fires  Saint Petersburg  Russian trade  US sanctions  Russian opera singers  Samara Region  Russian Cinema  Russian regions  Soviet Writers  Exhibitions in Moscow  Festivals in Moscow  Russian tourism  Saint Petersburg animal shelters   Russian Astronauts  Stanislavski and Nemirovich-Danchenko Moscow Academic Music Theatre  St. Petersburg 


Travel Blogs
Top Traveling Sites