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

Rossiya Bank's ?620MLN Stuck in Cyprus
2.07.2013 10:11
Rossiya Bank's ?620MLN Stuck in Cyprus
Photo Credit:

Rossiya Bank has €620 million frozen in Cyprus, according to its IFRS report.

      The news comes as a surprise to analysts who give conflicting theories as to why the bank would keep such a large amount in a jurisdiction where rough times started long before the authorities froze all assets.

      The good news is that the money is kept in a bank which avoided a deposit haircut, which means it will be available once the government lifts the freeze. 

Sources: http:// 

Author: Mikhail Vesely

Tags: Rossiya Bank Russian banks    

Next Previous

You might also find interesting:

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

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian tourism  The Year of Russian Culture  Russian women  censorship in Russia  Silk Painting  Miroslav Gasidlo  Voronezh   The Afisha Picnic  Sevsk  Woodwork  activity holidays  Golden Age of Russian Poetry  Kinotavr  Moscow Philharmonic Hall  Gambling Zone  Sheremetyevo  Russian law  Semantron  Kiritsy  Russian regions  Festivals in Moscow  Russian business  Russian Poetry  Russian Cinema  Russian visa  Free Events  Alexandrov Ensemble  Yaroslavl Region  Bashneft  St. Petersburg  travel to Russia  Red Square  Inal Sheripov  Russian transport  Exhibitions in Moscow  Bryansk  Moscow Kremlin   music  Amur Region  Kamensk-Uralsky  Maison SAS   universities  Tragedy  Bolotnaya  Mercedes-Benz Fashion Week Russia  Gourmet Tours  Science Fest  Gelendzhik  Moscow  Tretyakov Gallery 

Travel Blogs
Top Traveling Sites