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Russia's Central Bank shuts offices of five more Ukrainian banks in Crimea

June 10, 2014, 11:26 UTC+3 MOSCOW
As of today, the central bank ordered that 34 banks discontinue their operations in Crimea
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© AP Photo/ Efrem Lukatsky

MOSCOW, June 10./ITAR-TASS/. Russia’s central bank has halted operations of five more Ukrainian banks in Crimea following their failure to meet obligations to depositors and creditors, the regulator said in a statement Tuesday.

The central bank stopped the operations of Commercial Bank Daniel, Bank Capital, Bank Kliringovy Dim, Nadra Bank, and Real Bank.

Depositors will be compensated by recently established fund to protect rights of depositors in Crimea, the regulator said.

Before Crimea joined Russia in March, 77 banks used to have offices in the region. As of today, the central bank ordered that 34 banks discontinue their operations there.

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