Sanctioned Russian Bank Shuts US Accounts To "Protect" Russian Clients

Tyler Durden's picture

The sanctioned Russian bank - Bank Rossiya - is "taking measures to protect its Russian clients" from potentially unfair actions by US banks by shutting correspondence accounts in the US. Furthermore, the bank, which is oh so grateful for the support of Vladimir Putin (who opened a personal account with the bank soon after the sanctions), added it will meet all obligations and will not need additional support as will concentrate only on its Russian clients and work only in Rubles.




In order to protect customers from fraud Bank foreign financial institutions AB "RUSSIA" decided to work exclusively on the domestic market and only one currency - the national currency of the Russian Federation - the ruble.

In this regard, a number of U.S. banks sent notification of the closure of correspondent accounts. In the near future similar notice will be sent to other foreign financial institutions. These changes in the Bank's work will not affect the implementation of the obligations of the Bank before its clients and partners.

All obligations of the Bank will perform on time and in full. Bank's activities are not in need of financial support, including from the state regulator.

AB "RUSSIA" will take part in the development and implementation of the national payment system and its activities will be focused exclusively by national rating agencies.

AB "RUSSIA" expresses sincere gratitude to the President of the Russian Federation and the Russian citizens for the Bank's credibility.

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Sudden Debt's picture


yet again...

AssFire's picture

Banks are here to save people...

and I've been pissing in the toilet to raise sea level.

TeamDepends's picture

Tit for tat.  Surely they can do better?

y3maxx's picture

Looks to me like Obamao is being set up to "take the fall" for NSA/Syria/Obamacare....Will leave the Banksters in the Clear....Biden will make an acceptable puppet...alternative is WW3

TeamDepends's picture

Looks like they chose the right man (of course they did!), as Barry is no stranger to the bottom.

Pool Shark's picture



"Simon Black,.. paging Mister Simon Black; you're 'diversified' foreign accounts have been frozen..."



ParkAveFlasher's picture

Good thing Simon bought all those watches, and alpacas.

myptofvu's picture

Bet he doesn't open foreign accounts using a US passport so he's prob safe.

Max Cynical's picture

I enjoy reading Simon's posts, but as he advocates, I always wonder why he hasn't given up his U.S. citizenship.

cnmcdee's picture

Not to thread-jack but this is *big shit*   A guy over at Project Avalon is covering a phone call by a former miltary intelligence officer who is reporting the real agenda in the Ukraine is to draw Russian forces into Ukraine and provoke them to a first tactical nuclear strike on Ukrainian soil.\

Once this is done then the NATO will counter-strike destroying the Black Sea Fleet, and the 76th Air Division.  Russia will be bogged down in the Ukraine.  America will take this opportunity to start bombing and taking out Syria, and following that Iran.

If you like eating food everyday, not living under an ash cloud, or having your hair fall out because your sick from the radiation poisioning of nuclear fallout then we should be united all over the world to oppse this plan.


We should be spreading word everywhere.



matrix2012's picture

@ cnmcdee

"... America will take this opportunity to start bombing and taking out Syria, and following that Iran...."


Good read. I won't discard such possibility at all knowing the proponents of the Grand Chessboard strategy are much in power now and actively pursuing its realizations... toppling one country after another


GLOBAL RESEARCH has some good reading on this topic"

Preparing the Chessboard for the “Clash of Civilizations”: Divide, Conquer and Rule the “New Middle East”


Indeed some psychopathic neocons do believe that a nuclear war is WINNABLE!


Prof. Michel Chossudovsky cuts through the chaos and deception to show the reader exactly how and why humanity is facing an existential threat. It is a wake-up call that the world is being pushed towards catastrophic conflict. SYRIA is one of the targets to take over (in near future), with the next one is IRAN!!!


Prof. Chossudovsky shows that, incredibly, the same deception that the Western governments and media perpetrated to facilitate the war on Iraq less than a decade ago is now being repeated with Iran. But the real threat to world peace and the future of humanity is not Iran and its non-existent nuclear weapons program – it is the US-led alliance of NATO powers and their Middle East partners, Israel, Turkey and the handful of Gulf Arab monarchs.


The real agenda behind the drive for war is imperialist control of natural resources in a region that possesses some 60 per cent of all known reserves of oil and gas – the lifeblood of the capitalist global economy. Cloaked with the fictitious cover of “war on terror”, “international security” and “humanitarian intervention”, realities are being turned upside down.


The agenda for global control of resources is a long-term dynamic that Washington and its NATO allies have had on the drawing board for decades. The nine-year war on Iraq is but one episode of this unfolding scheme of conquest. The NATO-orchestrated regime change in Libya is also part of this military roadmap, which now has Iran in its sights. BUT this war lust will NOT stop with IRAN. It is about global conquest by Western powers in which ultimately CHINA and RUSSIA are also marked out as future enemies.


Disturbingly, the US-led agenda of permanent war has incorporated the doctrine of pre-emptive strikes with ALL military options, including the deployment of tactical nuclear weapons and a new generation of so-called monster bombs. The imminent military showdown in the Persian Gulf could turn out to be not just a regional explosion of latent conflicts – it may be the trigger for a conflagration between global powers armed with nuclear arsenals capable of unleashing destruction that puts the very future of the planet in the balance.

The Western public has a vital task in preventing their governments’ drive for war. 
“Towards a World War III Scenario: The Dangers of Nuclear War“ by Prof. Michel Chossudovsky
Kirk2NCC1701's picture

Indeed. Have posed this Q myself a few times.
Given the nature of his business, newsletters and ZH posts, you'd think that he would've given up his USC (US Citizenship). At one of his events he answered the Q with "To date the disadvantages have not outweighed the advantages in my case". Whatever his "case" is.

Even so, I am 100 certain that he simply uses his Chilean Residency card/ID and Chilean address to open/hold foreign bank accounts with impunity. Who wouldn't!?

Which is why having a foreign Residency allows any USC to do likewise. I cannot comment on my situation, you understand. Damn IRS trolls!

hungarianboy's picture

The US probably knew all this with their NSA spying on their alliances.

Al Huxley's picture

Most of the high-quality spying resources are focused inward, keeping tabs on dissent in the 'homeland' so its entirely possible that reading this article is the first time they've heard of this.

Al Huxley's picture

Oh oh, junked by the NSA guy... fuck, who's that pounding on the door, and why do I hear helicopters and dogs barking?

astoriajoe's picture

whatever you do, don't have anything in your hands when you open the door.

silvermail's picture

This precedent of denying the use of the dollar in the scale of one bank. This is the first swallow.
Do you think if all Russian banks will do the same?
Farewell to the dollar is approaching faster than many of us might think.

NotApplicable's picture

And put a shirt on! Otherwise, they might freak out at your "weapons of tats destruction."

kchrisc's picture

Funny thing is, we're watching them as well. Making lists.

The Internet remembers. We will remember.


"A guillotine is a way to belatedly remind them of their treason."

ilion's picture

I've stopped drinking coffee to support my short position. It worked last week, you know.

Crash Overide's picture

This is all a big TV show to distract us from the false flag alien attack right?


Happy Friday...

Headbanger's picture

Waddya mean false??

They landed a long time ago, took control of the banks, the Fed, the Gubmint so they could fuck everything up to start WW III so we wipe ourselves out and they get the planet!

Sneaky bastards!

tony wilson's picture

uses is talkin rubbish dere fella the aliens are still watchin us.

Colonel Klink's picture

And by aliens you mean zionists?  And by a long time ago, you mean just prior to WWII?


Kirk2NCC1701's picture

I think he's referring to Clingons.

astoriajoe's picture

In all seriousness, given the state of the world and government, that is completely on my list of possibilities within the next 5 years.

Dubaibanker's picture

Not only have 10 countries voted against US and in favour of Russia at the UN today.

But in a sign of things to come, the first Eurozone country, out of 18, being Cyprus, has finally mustered enough courage to pass a resolution in their Parliament to say 'up yours' to UN. At least, Cyprus MP's have the common sense not to further destroy their economy which runs on Russian bank accounts, Russian tourism and Russian cash.

matrix2012's picture

themoscowtimes will spew anything to trash Vlad even at the cost of the entire nation,

never read anything good out of that, guess it's controlled by the opposing interests

centerline's picture


How intertwined are the Russian banks in the global shadow banking system?  If they are part of the near infinite chain of counterparty exposure, what does this mean as far as pressure on western banks?

Crash Overide's picture

Don't we usually liberate the countries that aren't a part of the global shadow banking system?


Al Huxley's picture

Only if they're holding gold or oil captive within their borders.

fonzannoon's picture

Centerline...I believe the western central banks could easily overcome any russian bank exposure. I base that on no actual evidence btw. However what would be really interesting to me is if the U.S starts sanctioning bank accounts here for these wealthy Russians walking around NYC with C notes falling out of their asses. That would make it interesting.

centerline's picture

Got a feeling you are right.  I would think that if Russia had any significant influence in this arena they would have already applied pressure.  Was just curious since WWIII has really already been raging for years in the economic realm (pen is mightier than sword sort of stuff).

Truther's picture

For the TBTF..... Check Mate

HoofHearted's picture

Not quite yet...I think it occurs when others fall in line behind Putin Russia and do the same to US banks. Just wait 'til Euroarea banks get sick of the USD. Then it really is all over. As fo rnow, it is check and the King and two pawns the US has left isn't looking so good against the queen, two rooks, and knight that the rest of the world holds...

SteveNYC's picture

More smart moves by the US: continue to push foreign institutions and individuals away from the $ dollar. You can't make this shit up.

10mm's picture

And why not. After all that's the goal. 

swmnguy's picture

I don't really think that is the goal.  I think the USD and the finance system that goes with it have finally hit their logical boundaries.  Since the whole system of corporate finance capitalism that we use is based on infinite resources, energy, markets and money, any limits are fatal.  We can make money infinite, but only by making it abstract, and that has its own massive problems in light of the limits on the other three legs of the table. 

I think they're just buying time to get control of as many tangible assets and resources as possible before the whole system implodes under its own internal contradictions.  They know the outcome, and that it's inevitable.  They're not looking at "fixing" it, since it can't be fixed, and any actual long-term fix would cause a lot of consternation to those at the top.  They've spent good money buying up the government, and they aren't going to let it go to waste by allowing the system to reset and perhaps develop into something sustainable.  So they're going to double down on the current collapsing system for as long as they possibly can, while scooping up everything they can that they can use to guarantee their elite status in whatever system comes after this one finally, and inevitably, goes tits-up.  We're now getting to the point in the collapse process where increasingly, only brute force works.

KickIce's picture

Putin's doing the rope-a-dope getting in a few jabs and body shots.  China will deliver the knockout punch with treasury sales and gold standard.  (China has deliberately stopped the money printing circus so I believe they have a plan,)

rodocostarica's picture

Glad to see foreign bank stick to em. With FACTA implementing I hope more foreign banks just say screw off USA we dont need you.


Kirk2NCC1701's picture

Icelanders said FU to the Fed etc, by introducing their own, national crypto-currency, the AURORACOIN.

Half the coins are pre-mined and distributed evenly among the Icelandic population (350k ?).

Like I've said many times before: it is the COMBINATION of using Gold+CryptoCurrency that creates a Parallel system to the fiat system, and that can (will?) eventually crash the latter.

Therefore, all personal preferences and biases aside, when it comes to Crypto vs. Fiat, "The Enemy of my Enemy is my Friend". And only complete retards, assholes and trolls would argue otherwise.

Boris Alatovkrap's picture

Russia bank is free from squid tentacle of USSA Fictional Reserve Banking system. This is must piss off member of Amerikan political and bankster class. (Oh, and is also piss off Rothschilds.)

Crash Overide's picture

Hey Borris, who does Putin get his orders from? Is it an old money family?

Boris Alatovkrap's picture

In America, you are receiving order, in Russia, Putin is give order!

Kirk2NCC1701's picture

In Quebec, Poutine is order for Le Dinner.

Boris Alatovkrap's picture

You are like goat cheese, you can keep goat cheese!

jcaz's picture

"Yay, we're free!   Oops-  what do you mean we have to figure out how to make money on our own now?  What do you think we are- a bank??"