Comment on Russia has lost another banking partner as more lenders turn their back on Moscow over fear of sanctions

Russia has lost another banking partner as more lenders turn their back on Moscow over fear of sanctions

Oversea–Chinese Banking Corp reportedly told customers it would no longer process Russian transactions as of November.Mikhail Svetlov/Getty ImagesRussia will be cut off from another bank at the end of the month. Oversea-Chinese Banking Corp will stop processing Russian transactions in November, Bloomberg reported.The Singaporean bank is following lenders in China, which have largely pulled back from Russia.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News