| On Friday, the press service of the Financial and Industrial Federation released a statement from the chairman of its board of directors, Alexander Smolensky, who “created a subsidiary bank of SBS-Agro in Holland - the Amsterdam Bank of Commerce.” It notes that the fate of this bank affects the interests of Russian depositors and foreign creditors, and therefore “should not be determined uncontrollably either by ARCO officials or by other authorities.” According to Mr. Smolensky, the issue of the future of the Dutch bank should be resolved “only in court in the Amsterdam Commercial Court,” which “will avoid one-sidedness and bias” in its consideration, as well as “ignore any departmental interests.” For his part, the founder of SBS-Agro promises to “promote a legal solution in every possible way.” "TIME FOR NEWS"
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