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Putin to get salary through bank Rossiya that fell under US sanctions ^ | 03/21/2014 | Itar-Tass

Posted on 03/21/2014 5:37:51 AM PDT by goldstategop

MOSCOW, March 21. /ITAR-TASS/. Russian bank Rossiya ('Russia') that came under Western sanctions is not related to events in Ukraine, Russian President Vladimir Putin told reporters on Friday.

He instructed the Central Bank of Russia to give all necessary aid to this bank.

Sanctions against bank Rossiya

The US added to the black list another 20 Russian officials on 20 March. In addition, the USA included in the list the only legal entity – bank ‘Russia’ controlled by Yury Kovalchuk, arresting US-based assets of this crediting organization.

On Friday, international payment systems Visa and MasterCard suddenly stopped service of cards issued by the bank Rossiya.

Non-cash transactions of SMP Bank (owned by Rottenberg brothers) and Sobinbank (100% subsidiary of Rossiya) were also frozen.

The crediting organizations have informed their clients that they could receive cash from ATMs without any restrictions.

TOPICS: Business/Economy; Government; News/Current Events; Russia
KEYWORDS: presidentputin; rossiyabank; russianresponse; sanctions
Russia is giving lending help to Bank Rossiya. Its not clear what its connection is to the events in Crimea.

Then again - who to sanction the identity of the culprit or the victim - depending on what side you are on, is not always clear.

1 posted on 03/21/2014 5:37:51 AM PDT by goldstategop
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To: goldstategop

I’m thinking Putin needs a “salary” as much as Bloomberg did for being Mayor of NYC. I’m sure he has billions of $$ stashed away somewhere.

2 posted on 03/21/2014 5:42:43 AM PDT by rbg81
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To: rbg81
“I’m sure he has billions of $$ stashed away somewhere.”

Some believe he is unofficially the wealthiest man on Earth.

His public image is of a relatively common man earning low six-figures.

3 posted on 03/21/2014 6:31:20 AM PDT by varyouga
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