Financial institutions in the Bahamas have around $3 billion in assets whose owners are linked to Russia, the Caribbean nation's central bank said late on Friday.
The Bahamas on March 12 ordered a halt all transactions with Russian entities that have been put under sanction by Western nations.
The central bank found $420 million in deposits and $2.5 billion in custody or trust assets "with ultimate beneficial owners from or connected to Russia" in Bahamian financial institutions that are licensed to serve foreign clients.
