Event of the month
Cyprus crisis: Russia has agreed to restructure the 2.5 billion euro loan it granted Cyprus in 2011.
Duma approves in the second reading draft law prohibiting officials to have foreign bank accounts.
The decision of the month
Top mobile phone operator Mobile TeleSystems said it wants to help develop the local assets of Swedish telecom company Tele2 with Russian state-owned bank VTB.
Scandal of the month
Moscow police have charged a former banker of unlawful bankruptcy leading to losses of 5.7 billion rubles ($190 million), the city’s Interior Ministry branch reported on Thursday.
The Interior Ministry has accused two senior executives at the Bank of Settlements and Savings (Bank Raschototov i Sberezheny) of laundering more than 1.6 billion rubles ($5.1 million).
Full report is available in pdf. April 2013 Russian banking news.