CEO of state-owned VTB bank and Putin’s long time associate Andrei Kostin said yesterday that major Russian banks don’t need to conduct operations in Crimea.
American and European sanctions, Kostin added, are also a major factor that makes Russian banks avoid Crimea.
Reading Russian state media and telegram channels, we thought that American sanctions do not work.
Just joking. The scale of American economic and financial power is too much for any country. When Washington sneezes, someone on the other side of the planet may catch a cold.
Russian banks cannot recognize Crimea as a part of Russia, and won’t any time soon.
American and European sanctions, Kostin added, are also a major factor that makes Russian banks avoid Crimea.
Reading Russian state media and telegram channels, we thought that American sanctions do not work.
Just joking. The scale of American economic and financial power is too much for any country. When Washington sneezes, someone on the other side of the planet may catch a cold.
Russian banks cannot recognize Crimea as a part of Russia, and won’t any time soon.