According to Reuters, large Russian banks are developing an action plan in case Washington will enter against Moscow new sanctions package. In particular, credit institutions are trying to create a system of correspondent accounts, to be able to make transactions with US dollars.
“All major banks in Russia have step by step instructions about what you should do in a certain situation. The first month is laid out by days, if not hours”, — said the Agency a source in the financial sector.
According to Reuters, the new us sanctions have deprived the Russian banks access to the U.S. financial system, making it impossible any operations with dollars, because you need to have the correspondent account in an American Bank.