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:

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:

AliExpress will Sell Goods of Russian Retailers and Manufacturers
The Share of SMEs in the Russian Economy Makes 21.9%
American Retailer Acquired 25% of Familia Store Chain
Pavel Durov Plans to Liquidate Telegram Messenger LLP
The Russian NtechLab Company will Take Part in Face Recognition Project for 2022 World Cup

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Festivals in Moscow  Krasnodar  residence  Russian television  Ufa  Kaliningrad Region  Valaam  Znamenskoye-Rayok  skiing in Russia  Siberia  Russian circus  mountain cluster  Russian Cinema  Russian business  Hermitage Museum  Polina Dashkova  Night of Arts Festival  Tourism Forum  Kiritsy  Russian painters  Russian tourism  Lara Fabian  Arkhangelsk region  Russian hospitals  "Music Hall" Theatre  St. Petersburg  Sokolniki  Russian Monuments  Bolshoi St. Petersburg Circus  Belokurikha  Altai Territory  Soviet Russia  Peace Makers  Russian Nature  Russian regions  International Conference  South Stream  Mikhail Gluzsky  Pobeda  travel to Russia  Chekhov International Theater Festival  Silver Gate  Moscow  Exhibitions in Moscow  Mercedes-Benz Fashion Week Russia  Street Art  Sokolniki Park  Vologda region  Russian Investigative Committee  New Wave Festival 

Travel Blogs
Top Traveling Sites