Russian Companies Withdraw Billions from West, Say Moscow Bankers!


Socio-Economics History Blog

  • Russian companies withdraw billions from west, say Moscow bankers
    by Financial Times, via http://www.infowars.com/ 
    Russian companies are pulling billions out of western banks, fearful that any US sanctions over the Crimean crisis could lead to an asset freeze, according to bankers in Moscow.

    S
    berbank and VTB, Russia’s giant partly state-owned banks, as well as industrial companies, such as energy group Lukoil, are among those repatriating cash from western lenders with operations in the US. VTB has also cancelled a planned US investor summit next month, according to bankers.

    Full article here

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