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:

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:

Comment on our site

RSS   twitter      submit

Perm Territory  Global Warming Effect  Astrakhan  Russian celebrities  Electronic Data Base  Russian Cinema  Pussy Riot  Treasures  Archeological Finds  Moscow  Exhibitions in Moscow  air tickets  Russian economy  Russian scientists  Journey into Christmas  Astrakhan Region  Russian justice system  Russia-Turkey  Russian parks  telecommunications  Moscow Theatres  Moon exploration  Lipetsk   Mercedes-Benz Fashion Week Russia  Semyon Chelyuskin  Eurovision  Russian Rock Music  St. Petersburg  Russian Lakes  Novosibirsk  Russian tourism  Photofest  international scandal  Russian International  Mercedes-Benz Fashion Week   Film Distribution  Sochi Olympics  Snezhinsk  Russian business  Rosstat  Nikolai Gumilyov  Unecha  Adygeysk  Nobel Prize  Russian science  Zombie Parade  Russian airports  Online Exhibitions  Russian directors  Tours 

Travel Blogs
Top Traveling Sites