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Russian frigate Admiral Essen returns to Crimea after mission in MediterraneanMilitary & Defense September 22, 16:24
“Over non-fulfilment of liabilities to depositors and according to Article 7 of the federal law on peculiarities of operating the financial system in the Republic of Crimea and the federal city of Sevastopol for the transitional period the CBR decided to shut down offices of lending organisations Arkada, Raiffeisen Bank Aval, Express-Bank and Energobank on July 7,” the CBR stated, noting that all four banks were registered in Ukraine’s capital, Kiev.
The shutdown of offices of these crediting institutions means a ban on their banking and other operations, except for transactions related with transfer of assets and liabilities in Crimea and Sevastopol.
The CBR noted that “its decision to halt offices of several Ukrainian banks was caused only by the tasks to protect interests of depositors and clients legitimate rights of which were violated, particularly as a result of actual termination of operation of offices of these banks in the Republic of Crimea and Sevastol and no prospects to resume their operation.