Five major banks in Russia saw capital outflows from corporate accounts last month, according to data compiled by Reuters from the nation’s central bank. That news comes despite Russian consumers largely holding faith in the banking system after the central bank moved to prop up several...
February 25, 2022
The Bank of Russia said that customers of some banks being sanctioned by the U.S. and other governments may be cut off from using their cards and mobile payment systems. As Reuters reported Friday (Feb. 25), the central bank said debit and credit cards issued by VTB, private lender Sovcombank, Novikombank, Promsvyazbank and Otkritie Bank […]
