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:

A Special Group in the UK will Monitor Financial Flows from Russia
27.01.2019
The Digital Renaissance Session was Hosted by Vnesheconombank at SPIEF 2018
09.06.2018
Russia will Open 50 National Offices in 29 Countries of the World in 2018
28.05.2018
Students of HSE Took Part in SPIEF
09.06.2018
World Cup 2018 has been the Best for the Entire Tournament History
21.07.2018







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Moscow cinema  Republic of Tatarstan  Mercedes-Benz Fashion Week Russia  St. Petersburg  international cooperation  Russian Bears  IT  Russian shops  Kirov Region  health  Russian history  Kremlin  Engels  Russian business  Komi Republic  Nikolay Radlov  Russian transport  Home Credit and Finance  Russian Millionaires  Mikhailovsky Castle  Records  AvtoVAZ   Russian Muslims  Exhibitions in Moscow  Andrey Rudenskiy  FIFA world cup 2018 tickets  Ivan Grozny  Festivals in Moscow  Moscow  Archaeology  Museum of Toys  Russian Literature  National Payment System  Russian tourism  Fabio Capello  North Caucasus  Tyumen  Russian Cinema  BP  Severstal  Locomotives  Central Bank  Fashion week  Roman Abramovich  Russian Estates  travel to Russia  Left Front  book hotels in Russia  Russian monastery  Andrei Platonov 


Travel Blogs
Top Traveling Sites