MOSCOW (Reuters) - Bankers scrambled to assess possible damage to corporate deals and tried to calm customers on Monday after Russia's military intervention in Ukraine unnerved financial markets and hit bank shares in Russia and across Europe.
Both local and foreign banks are likely to be affected if Ukraine's currency the hryvnia continues to fall, loans are not repaid or the country defaults on its sovereign debt even though Ukraine's central bank has imposed limits on the amount depositors can withdraw and is ready to provide liquidity.
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