Russian banks exposed in Ukraine political crisis


  • World
  • Wednesday, 04 Dec 2013

VIENNA/MOSCOW (Reuters) - The political crisis in Ukraine, sparked by an East-West power struggle in which Moscow has gained the upper hand, is increasing the risk to the country's financial system and creating a particularly acute headache for Russian banks.

As crowds took to the streets to protest after President Viktor Yanukovich rejected a trade and cooperation deal with the European Union last week in favour of closer ties with Russia, its rattled central bank, low on reserves, appealed to people not to pull their deposits from the banks.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

U.S. stocks close higher
Floods kill 4 mountain climbers in northern Iraq
Crude futures settle lower
World food prices continue to rise in April: FAO
U.S. dollar ticks down
Death toll from ongoing heavy rains in Tanzania rises to 161
Euro falls to historic low against Albanian lek
Chinese, French scholars hold cross-cultural talks in Paris
Zambian gov't highlights importance of hand hygiene in reducing infections
Dairy worker bird flu case shows need for protective gear, US CDC study shows

Others Also Read