Russia's Finance Ministry: no domino effect from Promsvyazbank bail-out

A decision by the Russian central bank to rescue Promsvyazbank will not have a 'domino effect' in the Russian banking sector, Russia's Deputy Finance Minister Alexei Moiseev said.

The central bank on Friday put the country’s 10th largest private lender by assets under temporary administration, the third such bailout in the Russian banking sector this year, RIA Novosti recalls.