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12/15/2005

SHUT THE DOOR!

          Putin Decides Foreign Banks Have To Go

Bank NOVOSIBIRSK, Russia, (UPI) -- Russia's president said Wednesday he wants foreign banks "essentially banned" from his country, Itar-Tass reported.

"I want to confirm the government agrees with the (Russian) banking community that the branches of foreign banks and their operations in Russia must be limited and essentially banned," Vladimir Putin said.

"This is connected not only with competition, including the impossibility to trace the movement of money and capital in the modern world," said Putin. "This is connected among other things with the need to fight terrorism. We must not forget this. And this is connected with the need to fight money laundering."   

       Somebody had better start paying attention to this guy.

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