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

Buryatia  Frederic Chopin  Krasnodar region  Ecotourism  contemporary art  Russian scientists  Russian science  space  Moscow Stock Exchange  Russian tourism  Izhevsk  Alla Surikova  Russian beaches  Russian directors  Kulikovo Battle Field   Proton Therapy  ROSCOSMOS  opening ceremony  Russian holidays  Shadows  Exhibitions in St. Petersburg  Russian Poets  Aleksey Leonov   Vladimir the Great  Laser Technology  Moscow  Alexander Boldachev  St. Petersburg  IT  Horses  Russian business  Russian economy  Russian Metro  Parliament in Action  BPS-Sberbank  Exhibitions in Moscow  Veliky Novgorod  Mercedes-Benz Fashion Week Russia  Russian Literature  Russian social networks  Zakharov  Russian Cinema  visa-free regime  Metro at night  Russian football team  South Stream  Sayans  contests  Novosibirsk Museums  Stanislavsky International Festival 

Travel Blogs
Top Traveling Sites