Western Banks Cut Off Liquidity To Russian Entities…(War In 3…2…1…)
by Tyler Durden
ZeroHedge.com
12/16/2014
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’s sharpest selloff since the 1998 financial crisis.”
The Rest…HERE
