Date: 7 days ago   Category: Music

The Russian banks found a way to bypass sanctions


The main Russian banks decided to use mutual correspondent accounts for currency calculations in case against someone from them the USA imposes sanctions. Reuters with reference to sources reports about it. Banks began to develop this scheme together with the Ministry of Finance and the Bank of Russia last year. It will allow to win time in case someone from banks is not able to perform currency transactions because of sanctions. Thus it will be possible to avoid the sharp termination of currency calculations. "Each important bank has the step-by-step plan that it does in this or that situation. The first month is painted on days if not on hours" — the high-ranking official reported. Last year the bill of sanctions against the Russian banks was introduced in the USA. They assumed blocking and the ban on any participation in the American financial system. In particular, Vnesheconombank, Sberbank, VTB, Gazprombank, Bank of Moscow, Rosselkhozbank, Promsvyazbank were mentioned in the bill. This bill was not adopted, but recently it was offered new in which concrete banks were not mentioned. Earlier the Minister of Finance Anton Siluanov said that new sanctions will not affect bank accounts of Russians as the Central Bank is always ready to support with the liquidity the bank which got into a difficult situation. What occurs in Russia and in the world? We explain on our YouTube channel. Subscribe!

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