Russian prosecutor clashes with central bank
Bank of Russia must take commercial bank out of administration, prosecutor says
The Russian state prosecutor has called on the country’s central bank to suspend measures it has taken against a medium-sized commercial bank.
The Bank of Russia announced on July 10 it was effectively putting the privately-owned Jugra Bank into temporary administration for six months due to “the existence of a threat to its creditors’ and depositors’ interest”. The central bank announced that the national deposit insurance agency would meet the claims of depositors with Jugra, and that it was
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