: :inin Kyiv (EET)

Russia to create a special bank to allow financing of Russian military companies in circumvention of western sanctions


In response to new US sanctions, Russia created a special bank to service defense industry companies, reported the newspaper Kommersant, citing sources close to the government and the presidential administration.
According to the newspaper, the Russian Financial Corporation (RFK), which is 100% owned by Rosoboronexport, a subsidiary of Russian concern Rostec, has become the main candidate for the role of a specialized bank for servicing the military industry.
It is reported that the creation of a special “bank for the defense industry” is necessary due to the high risk of tougher sanctions from the US, which could cut off state-owned banks from …read more

Source: UaWire

World press about Ukraine

World press about Ukraine

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