South Ossetia – Banking Center For Kremlin-Backed Breakaway Republics?
South Ossetia’s role as a financial center for the Russian-backed separatists in Eastern Ukraine has been rising over the last two years – reports Eurasianet. In particular, South Ossetia facilitates Russian public funds going to the separatists through the International Clearance Bank based in Tskhinvali. In addition, a holding company…