Russian central bank alleges criminal behaviour at several closed banks

Central Bank of Russia
The Bank of Russia

Russia’s central bank has closed five of the country’s small banks in the first three weeks of August, repeatedly citing what it said were major breaches of the law by the institutions’ owners.

Over the same period, the Bank of Russia has also officially reported alleged criminal activities by the owners of four more commercial banks it had shut down. The central bank resisted an attempt last month by the country’s criminal prosecutor to overrule its closure of a larger bank, Yugra, which it

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.