Promsvyazbank
Promsvyazbank is a state-backed, formerly private Russian bank from Moscow. It is one of the biggest banks in Russia by assets. The Russian government initiated the transfer of loans issued to defense enterprises to Promsvyazbank, transforming it into a captive bank for the defense sector.
Singapore prohibits doing business, freezes assets of 4 Russian FIs
Singapore prohibits doing business, freezes assets of 4 Russian FIs
MAS has ordered all of their assets in Singapore to be frozen.
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