date:May 23, 2016
within the next three years.
Banks are leaving Russia
During the last two years of the crisis 27 per cent of the banks have disappeared from the Russian market. Primarily medium-sized banks were hit hard. According to analysts the number of banks has declined from 922 in 2014 to 697 this month. The crisis affects the entire banking sector, large banks were also on the brink of bankruptcy in recent months.
Russia does not want a complete Turkish boycott
According to Russian media Russia is not