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US Hit Russian Banks

The US has frozen accounts of Russian SMP, Rossiya and its subsidiary Sobinbank. The frozen account amount for  in total $640 million, RT reports.

According to the data of  the US Treasury, Russian assets have been frozen in dozens of US financial institutions like Citibank, Goldman Sachs and JP Morgan Chase.

Bank Rossiya has already confirmed the frozen accounts to RT. Bank Rossiya  is a bank which was   most negatively influenced because of anti-Russian sanctions by the  US. The frozen accounts of Bank Rossiya in the United States include $572 million which is about 10 percent of its 2013 assets, at today’s exchange rate, RT reports.

The Russian parliament at present is discussing the  so-called Rotenberg law, a bill that would compensate Russian companies and individuals for assets frozen in the West.

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