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Banks from states 'hostile' to Russia may lose right to work with Russian strategic firms

February 16, 2017, 15:14 UTC+3
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MOSCOW, February 16. /TASS/. Russian Finance Ministry developed a draft law providing an option of striking nonresident banks from Russia’s unfriendly countries out of the list of banks accredited to work with Russian strategic companies, Deputy Minister Alexei Moiseev said.

"This is an option in case such a need arises. Russia has a right to make a decision on exclusion [of a foreign bank] from the list of banks [accredited to work with state-owned companies - TASS], which operate in a country that was unfriendly towards us," Moiseev said.

Such companies comprise state-owned corporations, strategic companies and state extra-budgetary funds, the official added.

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