Global Financial Integrity

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Tagged ‘U.S. Banking System’

Chart: Russian Bank Deposits in the U.S. Before and After Sanctions

russianrubles

According to data provided by the U.S. Treasury, approximately $13.5 billion in bank deposits held by Russians left U.S. banks in March:

What happened between February and March? On February 26th, Russian military forces began to invade Crimea, setting off the international crisis in the region. Within a few weeks, Western nations imposed sanctions on some Russian individuals.

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