Western Banks Cut Off Liquidity To Russian Entities…(War In 3…2…1…)

Wednesday, December 17, 2014
By Paul Martin

by Tyler Durden

Unfortunately for the bulls, various falling knife-catchers, and those who hope the Russian situation will stabilize imminently with or without capital controls, it appears things in Russia are about to get a whole lot worse because as the WSJ reports, the next driver of the Russian crisis is likely to come from within the banking system itself because “global banks are curtailing the flow of cash to Russian entities, a response to the ruble‚Äôs sharpest selloff since the 1998 financial crisis.”

The Rest…HERE

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