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

Sanctions-Hit Bank Rossiya Lost Third of Retail Deposits in 1 Month
17.05.2014 17:46
Sanctions-Hit Bank Rossiya Lost Third of Retail Deposits in 1 Month
Photo Credit: http://sobesednik.ru

Retail deposits at Bank Rossiya plunged 35 percent within just one month, shrinking from almost 37 billion roubles to under 24 billion roubles.

      This shortage follows the sanctions slapped against the bank by the US in late March 2014. Visa and MasterCard stopped processing payments for the bank’s customers, claiming they had to obey the restrictions imposed by the Obama administration.

      Russia has sparked a wave of criticism after it incorporated Crimea into its territory following a referendum on the peninsula with a large ethnic Russian population.

      The US and the EU imposed a raft of sanctions on Russian officials and individuals with close ties to the Kremlin.

      The US also put space and military cooperation on hold, followed by some of its NATO allies, including the UK.

       




Author: Mikhail Vesely

Tags: Bank Rossiya Russian banks Ukraine crisis US sanctions  

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Pskov Region  Russian Kremlins  Vinyl Records  Russian tourism  Jazz Province Festival  Russian Cinema  Russian Nature  Russian churches  Science  Russian oil companies  Defence Minister  odd news  Optina Monastery  Chelyabinsk meteorite  Moscow  Victims  crash  Exhibitions in Moscow  Andrei Stolyarov  Cancer  Mercedes-Benz Fashion Week   travel to Kazan  Moscow monuments  Russian Photographers  Russian economy  Russian Ice Shows  Ukraine  International Music Day  Russian science  Russian pop-music  Sochi  Moscow Museums  Mikhailovsky Theater  Mercedes-Benz Fashion Week Russia  Pushkin Museum of Fine Arts  St. Petersburg  FIBA  education in Russia  Medical Industry  Krasnoyarsk  Surface RT  astronomy in Russia  Russian business  Seafarers  Skolkovo  Russian scientists  Vladimir Ovchinnikov  Mstislav Rostropovich  Awards  Moscow restaurants 


Travel Blogs
Top Traveling Sites