Updated

Serbian regulators revoked the license of Alta Bank on 31 October, leaving many Russian emigrants in Serbia without their savings, Meduza reported. Meduza said the human rights group Kovcheg counted more than 100 Russian entrepreneurs who used the bank, and that Serbia's Deposit Insurance Agency has promised to begin paying compensation, possibly as early as 13 November, with a cap of 50,000 euros per customer. Some customers had saved for property purchases or a holiday, and others now cannot run their businesses. Meduza spoke with Russians who said they lost their savings overnight, including one entrepreneur whose family moved to Serbia two years ago and whose restaurant card terminal stopped working. Meduza's sources gave no figures on the total sums lost.