Publications
Partners
Moscow - St Petersburg-based Bank Rossiya, included in a wave of punitive measures by Washington over Crimea, said it has asked its clients to refrain from making foreign currency payments to accounts at the bank due to the US sanctions.
Payments in roubles are unaffected, the bank said in a statement on its website.
Bank Rossiya, which has $10bn in assets and is used by many senior Russian government officials, was hit by US sanctions imposed in response to the annexation of Crimea.
Bank Rossiya, described by the US as "the personal bank for senior officials" of Russia, was sanctioned alongside its chairperson and largest shareholder Yuri Kovalchuk on Thursday.
The bank has $10bn of assets and numerous correspondent relationships with banks in the United States and Europe, according to the US Treasury.
Kovalchuk said in a television interview on Sunday the sanctions had backfired by helping him win new clients among patriotic Russians. Russian President Vladimir Putin said last week that he would open an account at the bank.
Bank Rossiya said in a statement on its website on Monday that payments in roubles were unaffected.
Payments in roubles are unaffected, the bank said in a statement on its website.
Bank Rossiya, which has $10bn in assets and is used by many senior Russian government officials, was hit by US sanctions imposed in response to the annexation of Crimea.
Bank Rossiya, described by the US as "the personal bank for senior officials" of Russia, was sanctioned alongside its chairperson and largest shareholder Yuri Kovalchuk on Thursday.
The bank has $10bn of assets and numerous correspondent relationships with banks in the United States and Europe, according to the US Treasury.
Kovalchuk said in a television interview on Sunday the sanctions had backfired by helping him win new clients among patriotic Russians. Russian President Vladimir Putin said last week that he would open an account at the bank.
Bank Rossiya said in a statement on its website on Monday that payments in roubles were unaffected.
