It blows my mind that 3 years in the war, there are still western businesses present in Russia. Arguably, South Africa done far less to “earn” full embargo.
SolidScorpion on
Took them long enough
autotldr on
This is the best tl;dr I could make, [original](https://odessa-journal.com/last-major-american-bank-exits-russia) reduced by 60%. (I’m a bot)
*****
> Starting November 15, the Russian branch of Citibank will shut down its last remaining retail banking branch, according to a statement from Citi reported by Frank RG. From September 20, all Citibank debit cards will be deactivated.
> Deposits from individuals have decreased from 154 billion rubles to just 1 billion, and business account funds have fallen by over 90 times-from 346 billion rubles to 3.8 billion rubles, according to its reports.
> The presence of Western banks in Russia is now comparable to the late Soviet Union: in the late 1980s, their assets were valued at $40 billion, and during the final years of Brezhnev's stagnation, at $10 billion.
3 Comments
It blows my mind that 3 years in the war, there are still western businesses present in Russia. Arguably, South Africa done far less to “earn” full embargo.
Took them long enough
This is the best tl;dr I could make, [original](https://odessa-journal.com/last-major-american-bank-exits-russia) reduced by 60%. (I’m a bot)
*****
> Starting November 15, the Russian branch of Citibank will shut down its last remaining retail banking branch, according to a statement from Citi reported by Frank RG. From September 20, all Citibank debit cards will be deactivated.
> Deposits from individuals have decreased from 154 billion rubles to just 1 billion, and business account funds have fallen by over 90 times-from 346 billion rubles to 3.8 billion rubles, according to its reports.
> The presence of Western banks in Russia is now comparable to the late Soviet Union: in the late 1980s, their assets were valued at $40 billion, and during the final years of Brezhnev's stagnation, at $10 billion.
*****
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