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:

Comment on our site

RSS   twitter      submit

Pskov  Russian Architecture  Literature Festivals  Treasures  Muzeon Arts Park  Russian science  Museum of Moscow  St. Petersburg  Russian politics  Street Art  the Crimea  Literature  Russian models  Mercedes-Benz Fashion Week Russia  Russian sportswomen  Russian holidays  Russian law  St. Petersburg Parks   Jazz Seasons Festival  Russian economy  Vasily Lanovoy  Symphony Orchestra  bus tickets Russia FIFA  Fyodor Konyukhov   Kaliningrad  Museum Estates  Ladoga   Moscow - Vladivostok  Alla Pugacheva  Exhibitions in Moscow  Russia-Indonesia  Znamenka  VDNKh  FIFA Russia 2018  Russian tourism  active holidays in Russia  Concerts in Saint Petersburg  Moscow  Sokolniki Park  Russian scientists  Russian Cinema  Tulsky  holiday  oil to China  Music Hall Theatre  Concerts in St. Petersburg  environment  Ural Federal University   Russian Olympic winners  Russian business 

Travel Blogs
Top Traveling Sites