The Russians have $ 3 billion in assets in the Bahamas – the Central Bank
Ukraine , Ukrainegate , 20 , March , 2022 | International News
Bahamas financial institutions have about $ 3 billion in assets owned by Russia, the Caribbean central bank said.
Details
The central bank found $ 420 million in deposits in the Bahamas-licensed financial institutions licensed to serve foreign clients and $ 2.5 billion in depository or trust assets “with or without ultimate beneficial owners from Russia.”
Quote
“These figures apply only to the international banking and trust sector, which serve customers outside the country, and do not include any Russian assets that may be held in local banks in the Bahamas,” the central bank said.
It does not say how much of these assets are under Russian sanctions. Prior to that, the Bahamas ordered the cessation of all operations with Russian organizations that have come under Western sanctions.
The Bahamas has strongly condemned Russia’s invasion of Ukraine, but appears to remain controversial over how aggressively it can engage in sanctions without harming its relatively small economy.
Let’s add
In Swiss banks, Russians keep up to $ 213 billion offshore – Reuters
Source: Ukrgate
