Russian companies withdraw billions from west, say Moscow bankers

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join

posted on Mar, 16 2014 @ 07:24 PM

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Russian companies are pulling billions out of western banks, fearful that any US sanctions over the Crimean crisis could lead to an asset freeze, according to bankers in Moscow.

Russia held $138.6bn in US government debt at the end of December, according to the US Treasury.

www.ft.com...

This was only a matter of time, and what better incentive to bring the money back home to Russia (and other off shore accounts/countries).

I can see China being next.

edit on 16-3-2014 by CALGARIAN because: (no reason given)

Bellor

posted on Mar, 16 2014 @ 07:25 PM

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But the spice must flow

_BoneZ_

posted on Mar, 16 2014 @ 07:39 PM

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