Russia's Rosbank halts dollar, euro, dirham operations after U.S. sanctions
MOSCOW (Reuters) - Russian commercial lender Rosbank has halted operations in U.S. dollars, euros and dirhams, warning that some transactions could be blocked, after Washington imposed sanctions on Thursday on the bank and its owner, Vladimir Potanin.
The United States sanctioned Potanin, 61, his Interros holding company, Rosbank and members of his family. It did not designate mining giant Nornickel, where Potanin is the largest shareholder. Interros owns 36% of Nornickel, the world's top palladium and refined nickel producer.
In a question-and-answer page on its website, Rosbank acknowledged some restrictions on servicing clients.
"In the current environment, we have suspended operations in U.S. dollars, euros and dirhams, or those involving the U.S. and EU jurisdictions as we are not able to offer routing at the moment that allows us to guarantee that clients' funds will not be blocked by foreign correspondent banks," Rosbank said.
https://finance.yahoo.com/news/russias-rosbank-halts-dollar-euro-093006328.html