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27 November, 2014

02:00

E. Ukraine banking system cut off by Kiev – reports

Kiev authorities have shut down cash machines in eastern Ukraine and businesses have stopped accepting credit cards in the region, according to local residents and bank workers. “We received the order to close the establishment yesterday. There are no more money transfers here,” Valery, an employee at Ukraine’s Oschadbank in the Donetsk Region, told AFP. In the city of Donetsk, locals told the agency that they fruitlessly queued to try and withdraw cash from ATMs, and that credit cards have stopped working in shops. On Tuesday, the country’s central bank ordered all banks to “suspend” their work in eastern Ukraine.