Currency curtain: Western banks reduced the presence in the Russian Federation to the level of collapse of the USSR - the media

According to analysts, as of the end of this year, the assets of foreign credit institutions in the Russian Federation amounted to $ 66 billion - twice less than comparable to 2021. The activities of Western banks in the Russian Federation decreased to a level that can be compared to what was in the late years of the USSR. About it writes the Russian edition of The Moscow Times calling for the results of the study Raiffeisenbank International.

According to financial analysts, as of the end of this year, the assets of foreign credit institutions in the Russian Federation amounted to $ 66 billion-twice as much as comparable to 2021 (119 billion), and almost four times less than a record 2012 (239 billion). Journalists have been comparing the current presence of Western banks with the last years of the USSR.

By the end of the 80's, the total value of Western assets was estimated at $ 40 billion, and in the late Brezhnev years-in 10 billion. The French Group of Societe Generale managed to sell the business. Her "Rosbank" got a billionaire Vladimir Potanina. In Raiffeisenbank, Unrightly and Citibank, Russian depositors kept about 1 trillion rubles in the pre -war period.

But Russian authorities are in no hurry to release these financial institutions and links its decision to defrost Russian assets in the West. The Russian foreign trade turnover decreased from 37% to 14%: Russian exports to the EU fell three times - up to $ 6 billion a month, and imports - more than twice, up to 4 billion. Russian export-import. The total cost of the four largest Chinese banks in the Russian Federation has increased four times since the end of 2021.