NatWest has reversed its decision to close the UK bank accounts of the Kremlin-backed news channel RT, formerly known as Russia Today. The bank wrote to the company that provides RT services in the UK last October, saying it would no longer provide
banking services following a review and the decision was final. However, in a statement this week, NatWest said it had reached a resolution with RT. Natwest is part of the RBS Group which is largely owned by the British state. NatWest has
not said why it decided to close the accounts, but it is understood that the bank's compliance department has closed down the accounts of Russian customers in the past without explanation. |