The $ is in the city

The main thing is that the financial crisis did not become a banking one, as it was in autumn 1998, - economists repeated last week. To prevent this, the state does not spare money. The three largest banks - Sberbank, VTB and Gazprombank - have been already given 1.12 trillion rubles

Regional bankers say: to stabilize the situation, there is an urgent need to enact a law prohibiting the early feedback of deposits. As it was done in the Ukraine, where the crisis has affected the country’s largest bank - Prominvestbank. «In the five days it was rubble as well as they are trying to rubble some of your banks," - says President of Ukrainian Society of Financial Analysts Yuriy Prozorov. - After the Bank already stood on the brink of bankruptcy, it received three proposals for its purchase. Two of them were from Russia». Mr. Prozorov lets us know that the Russian players are possibly involved in covering the Ukrainian banks panic. At the end, the Ukrainian government had to freeze private deposits for a half of year, so an early withdrawal of funds from the accounts was banned. 

The source: Russian Newsweek