Owned by a Russian company, Denizbank had become an unintended casualty in the geopolitical conflict between Moscow and the West over the crisis in Ukraine.
Russia's War Against Ukraine
Wall Street Journal: West’s ‘smart sanctions’ on Russia can still cause collateral damage
Russia's President Vladimir Putin (L, French President Francois Hollande (C), Ukraine's President Petro Poroshenko R), German Chancellor Angela Merkel (bottom R) attend a meeting on Oct. 17, 2014 in Milan during the 10th Asia-Europe Meeting (ASEM).
