` Russian Joint-Stock Bank `AB Rossiya ‘ has decided following recent `Sanctions ‘ to work Only with National Currency ‘

#AceFinanceNews – MOSCOW – March 28 – The Russian joint-stock bank, AB Rossiya, decided on Friday that it would work only with the national currency to protect its customers from dishonest actions by foreign financial institutions.

“In order to protect the bank’s customers from dishonest actions by foreign financial institutions AB Rossiya has decided to operate only in the domestic market and exclusively with the national currency of the Russian Federation – the Ruble,” AB Rossiya said in a statement released on Friday.

“The bank has already notified some US banks that it is closing its correspondence accounts. Similar notifications have been sent to other foreign financial institutions,” the bank said in its statement.

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