OREANDA-NEWS. Following the ruling of the Court of Arbitration of Moscow, dated 28 April 2016, on Case No. 40-62837/16-30-110B on recognition of Commercial Bank MILBANK, Limited Liability Company (BoR Registration Number 3256, registration date 27 June 1995) as insolvent (bankrupt) and appointment of a receiver pursuant to Clause 3 Article 18927 of the Federal Law ‘On Insolvency (Bankruptcy)’, the Bank of Russia has decided to terminate (Order No. D-1594, dated 23 May 2016) effective 24 May 2016, the operations of the provisional administration of the credit institution Commercial Bank MILBANK, Limited Liability Company, as appointed under BoR Order No. D-673, dated 26 February 2016 ‘On appointment of a provisional administration to manage the Moscow-based credit institution Commercial Bank MILBANK (Limited Liability Company following revocation of its banking licence’.