Russia's Melikyan vows to close banks

The Russian central bank will press on with its cleanup of the banking system despite the murder of reformist banking supervisor Andrei Kozlov, the man who took over his role said in an interview Friday 10 November.

"We will withdraw licenses from any banks that don't have a real banking business and only deal in dirty money - and we will do it without mercy," central bank deputy chairman Gennady Melikyan said, according to Reuters.