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Transition of Crimean banks to Russian regulator to be painless — expert

March 19, 2014, 15:07 UTC+3 MOSCOW
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MOSCOW, March 19. /ITAR-TASS/. Transition of banks operating in Crimea from the payment system of the National Bank of Ukraine to that of the Central Bank of Russia will be not difficult, although Russia has had no such precedents before, former Central Bank of Russia deputy chairman Konstantin Korishchenko told Itar-Tass on Wednesday.

Transition of Crimea’s banks under control of the Russian regulator will proceed painlessly, as “the system of correspondent relations exists between banks and any payments can be carried out within this system for a rather long time,” he said, adding that there would be no difficulties with personnel training.

Moreover, the transition process would create no reasons for curtailing business of certain banks, he said.

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