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Russia: A Cash-Strapped Kremlin Bails Out the Country's Largest Lender

Aug 29, 2017 | 19:00 GMT

Russia's Central Bank announced on Aug. 29 that it plans to seize control of the country’s largest private lender -- Otkritie Bank -- before June. The bank has tottered toward collapse in recent months, following a surprise downgrade that prompted a massive deposit outflow of $7.4 billion in June and...

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