Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsVisa and MasterCard cut off Sanctioned Russian bank.
http://www.themoscowtimes.com/business/article/putin-shows-support-for-sanctioned-bank/496587.htmlThe recent sanctions are starting to bite Putin in his most vulnerable place: the Russian economy. The bank in question is owned by two Putin cronies.
U.S. President Barack Obama on Thursday announced that Washington was levying a new round of sanctions affecting 20 Russian officials and businessmen, but also Bank Rossia, which is chaired and part owned by businessman Yuri Kovalchuk, who is one of the 20.
The United States Treasury Department stated that Bank Rossia is used by senior Russian officials and that its shareholders include members of Putin's inner circle.
Visa and MasterCard later stopped, without notification, providing services for payment transactions for the clients of Bank Rossia and SMP bank, co-owned by brothers Boris and Arkady Rotenberg, who were also on the latest U.S. sanctions list.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
5 replies, 703 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (3)
ReplyReply to this post
5 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Visa and MasterCard cut off Sanctioned Russian bank. (Original Post)
riqster
Mar 2014
OP
JustAnotherGen
(31,907 posts)1. And Russian Billionaires on Yachts
heads' explode around the world.
Now it's impacting the wealthiest of the wealthy in Russia - perhaps this will calm things down?
riqster
(13,986 posts)2. Perhaps. The Oligarchy are essential support for the regime.
So they can get their voices heard.
JustAnotherGen
(31,907 posts)4. Or -
Does the Regime support the Oligarchs?
Article at Forbes . . .
http://www.forbes.com/sites/natalierobehmed/2014/03/20/u-s-treasury-sanctions-four-russian-billionaires-for-ukraine-involvement/
Third largest number of billionaires residing in a country? Russia with 111.
http://en.wikipedia.org/wiki/List_of_countries_by_the_number_of_US_dollar_billionaires
USA, China, Russia - what are these billionaires up to with this crap?
riqster
(13,986 posts)5. It does seem to be a rather malignant sort of symbiosis.
Javaman
(62,534 posts)3. How to stop a crazy nation in one step...
cut off it's credit cards.