Bank Runs Begin In Ukraine As Russia’s Largest Bank Halts Lending

by Tyler Durden
ZeroHedge.com
02/21/2014

Six months ago a “glitch” halted all ATM withdrawals, and Credit and Debit card transactions for Russia’s largest bank but today, the CEO of the huge bank has no such “glitch” to blame:

*SBERBANK SEES RUN ON ITS BANK MACHINES IN UKRAINE, GREF SAYS
*UKRAINE SITUATION IS PRESSURING RUBLE: SBERBANK CEO GREF
*SBERBANK HALTS LENDING IN UKRAINE, GREF SAYS

We suspect that whether an agreement is in place or not, this will continue.

This entry was posted on Friday, February 21st, 2014 at 12:09 pm and is filed under Civil Unrest, Economics. You can follow any responses to this entry through the RSS 2.0 feed.