A video of the attack on the Alfa branch, posted online, showed men breaking the glass door and yelling “Glory to Ukraine!”

Despite a continuing war and multiple trade sanctions, Russian banks continue to operate in Ukraine. The Russian banking sector expanded here after the global financial crisis, filling a niche left by Western banking giants that pulled out.

The timing proved poor: The Ukrainian economy nose-dived amid the turmoil of the 2014 revolution and the Russian annexation of the Crimean Peninsula and its intervention in the eastern Ukraine conflict. Bad loans mounted.

The Russian banks are now receiving or are likely to receive an infusion of funds from their parent corporations in Russia in order to stay afloat, according to banking analysts, and are a source of much-needed capital for Ukraine.