Russia puts subsidiary of Ukraine's Privatbank in temporary administration


  • World
  • Thursday, 06 Mar 2014

MOSCOW/KIEV (Reuters) - The Russian central bank said on Thursday it was putting the Moscow subsidiary of Ukraine's Privatbank into temporary administration, but that it would not revoke the bank's licence.

Russia and Ukraine are in a dangerous armed stand-off following months of unrest in Kiev and the ousting of President Viktor Yanukovich. Moscow has refused to recognise the new government in Kiev, although President Vladimir Putin has instructed his government to establish contacts.

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