
Russia: Sanctioned Rossiya Bank to limit operations to domestic market
Russia: Sanctioned Rossiya Bank to limit operations to domestic market
Chairman of the State Duma Committee on Financial Markets, Nataliya Byrikina, said that she welcomes the decision of Rossiya Bank to limit their operations the domestic market and to conduct all transactions in roubles, speaking in Moscow, Friday.
The bank, which was targeted by US sanctions, will close foreign accounts and develop the national payment system, a move the bank said is to protect its customers from irresponsible action from foreign financial institutions.
After US sanctions being imposed on the bank, Russian president Vladimir Putin said he would open an account at Bank Rossiya.

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Russia: Sanctioned Rossiya Bank to limit operations to domestic market
Chairman of the State Duma Committee on Financial Markets, Nataliya Byrikina, said that she welcomes the decision of Rossiya Bank to limit their operations the domestic market and to conduct all transactions in roubles, speaking in Moscow, Friday.
The bank, which was targeted by US sanctions, will close foreign accounts and develop the national payment system, a move the bank said is to protect its customers from irresponsible action from foreign financial institutions.
After US sanctions being imposed on the bank, Russian president Vladimir Putin said he would open an account at Bank Rossiya.