By Jason Bush and Megan Davies MOSCOW (Reuters) - Russia's central bank is taking steps to prevent the bankruptcy of the Moscow subsidiary of Ukraine's Privatbank, the Bank of Russia said on Friday, after Privatbank accused it of putting Moskomprivatbank under administration for political reasons. The central bank said it was taking the measures under a law on banking system stability which enables the state-run Deposit Insurance Agency to provide financial assistance to banks, acquire their property and liabilities, acquire shares, and sell collateral. The Deposit Insurance Agency has been appointed as the bank's temporary administrator, the central bank said.
By Andrew Osborn SEVASTOPOL, Ukraine (Reuters) - Gently bobbing up and down in the sheltered waters of the Bay of Sevastopol in Crimea, Russia's storied Black Sea Fleet has an air of decay about it. The fleet, its base, and the sprawling military infrastructure that go with it, are vital to Russian President Vladimir Putin's military and geopolitical ambitions and one of the main reasons the Kremlin is now eyeing complete control of Crimea. For Russia, the fleet and its Sevastopol base are a guarantor of its southern borders and a platform for projecting power into the Black Sea and from there into the Mediterranean. Its base is also a docking point for Russian oil tankers bound for the Bosporus and the fleet will be tasked with protecting Russia's South Stream gas pipeline once it is finished.