More
    HomeRussiaThe EU recognized a bank from South Ossetia // Context

    The EU recognized a bank from South Ossetia // Context

    Published on

    The 11th EU sanctions package includes two banks: a small Russian TsMRBank and the International Settlement Bank (IRB) from South Ossetia. The sanctions involve freezing assets. As the EU explains, the MRB has opened offices in the Kherson and Zaporozhye regions, and also “provides a number of banking services under the control of the Bank of Russia.” In addition, it is noted that the bank has installed ATMs in the region, and also has a branch in Lugansk. It is noteworthy that according to the website, MRB also has branches in Donetsk, which is not mentioned in the EU document. Claims against TsMRBank relate, among other things, to the operation to exchange Ukrainian hryvnias for rubles, as well as the provision of soft loans in the region. Against the background of Promsvyazbank, which previously fell under EU sanctions for approximately the same reasons, and has hundreds of branches in new regions (see Kommersant on May 19), the network of these banks is small: TsMRBank has 9 branches, MRB has 11.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest articles

    Banks stopped accepting dollars and euros through ATMs

    Russian banks have stopped accepting dollars and euros through ATMs, Izvestia found out. ...

    Zelensky warned the EU against a non-European decision on exports from Ukraine

    President of Ukraine Volodymyr Zelensky called the decision on the possible extension of restrictions...

    China warns against turning internet into 'battlefield'

    The Chinese authorities opposed the transformation of the Internet into a battlefield, as well...

    The activist told Izvestia about the mood of the protesters in Israel

    For now, the citizens of Israel are opting for peaceful forms of protest against...

    More like this

    Banks stopped accepting dollars and euros through ATMs

    Russian banks have stopped accepting dollars and euros through ATMs, Izvestia found out. ...

    Zelensky warned the EU against a non-European decision on exports from Ukraine

    President of Ukraine Volodymyr Zelensky called the decision on the possible extension of restrictions...

    China warns against turning internet into 'battlefield'

    The Chinese authorities opposed the transformation of the Internet into a battlefield, as well...