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:

Students of HSE Took Part in SPIEF
09.06.2018
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
World Cup 2018 has been the Best for the Entire Tournament History
21.07.2018
Cooperation between China and Russia was Discussed at SPIEF 2018
09.06.2018







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Russian opposition activists  Russian education  Russia  Progress Party  Prisons of Russia  Russian football  Leningrad Region  golf in Russia  Christmas  Russian opposition  Tver  International Passport  Medicinces  North Caucasus  Russian history  Russian tourism  Russian Literature  volunteers  Exhibitions in Moscow  Moscow Zoo  Gennady Gladkov  geology  Rostov  Celebs  Oboronservis scandal  Musicals in Moscow  Yulmart  Exhibitions in Tver  accident  International Music Day  St. Petersburg  Altai  Visa   Moscow  Nikolay Berdyaev  Plyos  Graphics  Moscow Disneyland  Theatre Theatre  Saint Petersburg  Russian gas  Krasnoslobodsk  Russian business  Mercedes-Benz Fashion Week Russia  Russian churches  Eurovision  Russian Cinema  Department of Natural Resources and Environmental Protection  Events in Moscow  Festivals in Moscow 


Travel Blogs
Top Traveling Sites