Bank Runs Begin In Ukraine As Russia’s Largest Bank Halts Lending

Six months ago a “glitch” halted all ATM withdrawals, and Credit and Debit card transactions for Russia’s largest bank but today, the CEO of the huge bank has no such “glitch” to blame:

• *SBERBANK SEES RUN ON ITS BANK MACHINES IN UKRAINE, GREF SAYS
• *UKRAINE SITUATION IS PRESSURING RUBLE: SBERBANK CEO GREF
• *SBERBANK HALTS LENDING IN UKRAINE, GREF SAYS

We suspect that whether an agreement is in place or not, this will continue.