Russia Moves To Protect Banks From Possible U.S. Sanctions
  • 6 years ago
In a possible sign that Moscow is bracing for new US sanctions, Russia has proposed ending the publication of the names of banks which finance Russian state-controlled arms makers. If adopted, the draft law would allow the Russian central bank to stop publishing a list of banks dealing with the arms industry. In addition to this, Russia's government would be able to include any banks they wanted to and would no longer publish the required criteria for banks' involvement. The current regulations only allow state-controlled or central bank-controlled lenders with more than 100 billion rubles in capital to obtain such contracts.
Recommended