Ukraine bank closures in Crimea hit residents

Moscow offers up to $20,000 for account holders who had savings frozen after region’s annexation by Russia.

Thousands of people in Crimea have no access to their savings after Ukraine froze bank accounts following the region’s vote to join Russia.

Moscow has pledged to compensate Crimeans who have lost their money with payments of up to $20,000.

That promise has led to long queues at registration stations housed in former Ukrainian banks.

Al Jazeera’s Nadim Baba reports from Simferopol.

Source: Al Jazeera

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