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: http://www.theatlantic.com

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:

A Special Group in the UK will Monitor Financial Flows from Russia
27.01.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Futurama  Goats  Russian tourism  Folk Chorus  New Jerusalem  Russian sailors  Fashion Futurum  Russian business  Coins  Roofers  Alexander III  Cinema Fund  Vasya Lozhkin  physics  Business in Russia  Russian law  ecology  Russian tourist destinations  South of Russia  travel to Russia  Charity  Starichkov Island  Slavic Idols  The Romanov Family  Moscow Underground  Primorye  Russian government  Exhibitions in Moscow  Russian opera  Russian regions  St. Petersburg  Art Auctions  Sverdlovsk region  Russian Cinema  Russia adventure tours  holiday  Russian churches  Vandalism  Russian beaches  Karachay-Cherkessia  Sochi  Mikhail Bulgakov  Moscow  Chelyabinsk meteorite  Mercedes-Benz Fashion Week Russia  Hermitage Museum  Festivals in Moscow  Hermitage Hotel  Teacher  Fabio Capello 


Travel Blogs
Top Traveling Sites