Contents tagged with CITI
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CITIbank blocks Russia’s money transfer to Latin America
Citibank has blocked the money transfer of the Russian Foreign Ministry to Latin America, said the Russian Foreign Ministry’s spokesperson Maria Zakharova.
The bank, which is the top 5 U.S. bank in terms of its assets, acted as an intermediary in the transaction. “The bankers had questions about the money transfer of the Foreign Ministry: first they asked for a lot of additional information, and then, after two weeks of delay, they returned the money to the sender - that is, the Russian side,” …