Moneymoney

Mon Feb 12, 2018, 09:33 PM

Russia's Top Bank Reports Record Capital Inflow Before US Published Kremlin List

Published time: 12 Feb, 2018 14:39

January saw an unusually high capital influx into Russia, according to Sberbank Private Banking. The money was transferred from European banks just before the US Treasury unveiled its blacklist of Russian billionaires.

The amount of capital to Sberbank's corporate and investment branch tripled over the same period during the previous year, according to the head of the department, Evgenya Tyurikova.




“Over the last week of December and at the beginning of January everyone seemed to be impacted by the fact that the sanctions are coming, so let’s put money somewhere,” Tyurikova said, as quoted by Russian daily Vedomosti.

The financial manager hasn’t specified precisely how much money was brought to the department, but she said it was in the hundreds of millions of dollars. All in all, an average basket of the bank’s deep-pocketed clientele grew from $2.3 million to $3.8 million, according to Tyurikova.

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https://www.rt.com/business/418564-sberbank-capital-inflow-europe-sanctions/

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Reply Russia's Top Bank Reports Record Capital Inflow Before US Published Kremlin List (Original post)
RCW2014 Feb 2018 OP
New Deal Democrat Feb 2018 #1
RCW2014 Feb 2018 #2

Response to RCW2014 (Original post)

Mon Feb 12, 2018, 09:42 PM

1. The blacklist was a joke as Trump intended it to be.

And Trump decided sanctions aren't necessary anyway - despite a Congressional vote to the contrary, 517-5. But thanks for keeping us highly informed about Russia's point of view.

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Response to New Deal Democrat (Reply #1)

Mon Feb 12, 2018, 09:48 PM

2. Best way to see what is hsppening in your house is to look at it from the

outside and listen to what the neighbors are saying.

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