Bahamas’ Russian assets are about $ 3 billion, domestic banks are subject to sanctions and banned from trading | Reuters

The Central Bank of the Bahamas, an island nation in the Caribbean, announced on the 18th that Russia-related financial assets in the country’s financial institutions amount to regarding 3 billion dollars. Taken in February (2022 Archyde.com / DADO RUVIC)

[Nassau19thArchyde.com]–The central bank of the Bahamas, an island nation in the Caribbean, announced on the 18th that Russia-related financial assets in the country’s financial institutions amount to regarding 3 billion dollars.

On the 12th of this month, the Bahamas suspended transactions with Russian companies subject to sanctions such as Europe and the United States.

According to the central bank, Russia-related assets held by domestic banks that are allowed to serve foreigners amount to $ 420 million in deposits and $ 2.5 billion in trust assets. The figures do not include Russia-related assets of domestic banks that provide only domestic services.

The central bank did not disclose how much of these assets were subject to sanctions.