NatWest bank, part of the Royal Bank of Scotland Group, informed that it intends to stop servicing RT UK and that the decision was not subject to discussion. Commenting on the accounts closure on Tuesday, Sergey Lavrov insisted that the decision had not been taken by the bank independently.
“It’s as clear as day that this decision was not made by the bank. And not any other bank – banks don’t make such decisions on their own,” he said. “I believe an old saying is appropriate here: don’t treat others the way you don’t wish to be treated yourself.”
The minister didn’t elaborate on possible retaliation for RT accounts closure. The Russian Foreign Ministry earlier described as “squeezing alternative voices out of UK media space” by the UK government and said it was a violation of British commitments to preserve press freedoms under the Helsinki Accord of 1975.
The British government has denied any involvement in the situation, insisting that NatWest made the decision independently from its state owner.
“I noted the decision of the NatWest bank to withdraw support for RT, that was a wholly independently taken decision,”Foreign Secretary Boris Johnson told the House of Commons on Tuesday.
The bank has since backtracked on its ‘non-negotiable’ position, saying in a statement that it was “reviewing the situation” and “contacting the customer to discuss this further.” According to RT’s Editor-in-Chief Margarita Simonyan, no arrangement has been set for such talks yet.
The Times claimed that Russia had threatened to close the accounts of the BBC in Russia and to report the case to the OSCE, an organization that grew from the Helsinki Accord. The British newspaper didn’t cite any sources, but claimed that RBS “withdrew its punitive action” after the threats. RBS is another bank owned by the RBS Group, which apparently the Times meant to name as the decision-maker.
RT has received numerous messages of support after disclosing its banking troubles on Monday coming both from public figures and devoted viewers. One NatWest customer told RT he had closed his account with the bank after a decade of being its customer in protest at the way it had treated the news channel.