Categories: Banking

Britain mistakenly puts Russian central bank’s address

Britain mistakenly assigned the address of the Russian central bank to a privately held bank with close links to Russian President Vladimir Putin. This was the target of sanctions announced by Prime Minister Boris Johnson. Johnson slapped sanctions on five private banks. The government said that it was privately owned by elite Russian billionaires with direct links to Putin.

The government mistakenly listed Bank Rossiya’s address as Neglinnaya, 12, Moscow, 107016, Russia which is the address of Russia’s central bank, Bank Rossiya. This bank is based in the northern Russian city of St Petersburg. Neglinnaya Street in Moscow has been home to a Russian or Soviet central bank office for at least a century. The British foreign office issued an update to make administrative corrections to two listings, which is under the Russia sanctions regime which gave the bank‘s correct address. The Russian central bank in Moscow’s understanding was that it was a mistake and that it had had no impact on the bank’s operations.

WIN

Share
Published by
WIN

Recent Posts

Legislative Body Pressures Swiss Government to Moderate Proposed Capital Requirements for Major Domestic Bank

A significant intervention was registered by a powerful Swiss parliamentary body, the lower chamber's influential…

3 weeks ago

Nationwide Banking Paralysis Ensues as Labor Demands Collide with Deepening Tunisian Economic Crisis

A significant, two-day cessation of work was formally initiated by Tunisian bank employees on a…

3 weeks ago

Cloud Service Disruption Resolved Following Global Impact on Essential Digital Services

The successful mitigation of a major service disruption affecting the technology giant's   Azure cloud…

3 weeks ago

European Asset Manager Demonstrates Resilience with Record Asset Accumulation

A report was issued on a Tuesday by Amundi, which stands as the largest asset…

3 weeks ago

Strategic Licensing Bid Underscores Swiss Bank’s Focus on U.S. Wealth Management Expansion

A significant step toward expanding its presence in the global financial hub was announced by…

3 weeks ago

Weaker-Than-Expected Inflation Data Bolsters Market Expectations for Federal Reserve Rate Cut

Official data released on a Friday indicated that U.S. consumer prices had risen slightly less…

4 weeks ago