Serbia revokes Alta Bank license, freezing Russian emigrant savings

Serbia's central bank revoked Alta Bank's license on October 30, freezing accounts used by thousands of Russian emigrants, many of whom had deposited proceeds from property sales or received salaries. Authorities guarantee deposits up to €50,000, but the fate of larger sums is uncertain. This signals a tightening of Serbia's financial oversight and a potential shift in its stance toward Russian capital inflows, with significant implications for Russian emigrants' financial security in the Balkans.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works