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Bank Runs Begin In Ukraine As Russia’s Largest Bank Halts Lending

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Zero Hedge
February 21, 2014

Six months ago a “glitch” halted all ATM withdrawals, and Credit and Debit card transactions for Russia’s largest bank but today, the CEO of the huge bank has no such “glitch” to blame:

  • *SBERBANK SEES RUN ON ITS BANK MACHINES IN UKRAINE, GREF SAYS
  • *UKRAINE SITUATION IS PRESSURING RUBLE: SBERBANK CEO GREF
  • *SBERBANK HALTS LENDING IN UKRAINE, GREF SAYS

We suspect that whether an agreement is in place or not, this will continue.

This article was posted: Friday, February 21, 2014 at 12:35 pm





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