RT is denied access to advertising money
According to reports today on the Kremlin-funded news channel's website, the transaction that was blocked was payment from Axiom Media, the company that sells advertising on RT's broadcasts in the UK.
BBVA bank said the transaction was blocked because the channel may have had an indirect relationship with controversial journalist Dmitry Kiselyov, who is included on the EU sanctions list.
Mr Kiselyov is in charge of the Russian state owned news agency Rossiya Segodnya, translated Russia Today. Margarita Simonyan, the editor in chief of Rossiya Segodnya is also the editor of RT, the news channel formerly known as Russia Today. Both organisations say that despite the similar names, they are completely independent of each other. RT is reportedly exploring its options.
RT began broadcasting a service containing advertising for the UK in late 2012. Two years later it launched a dedicated evening news service, broadcast via Freeview and all other major TV platforms.
The news comes as Ofcom investigates further complaints about the editorial content of the channel. The UK regulator has previously threatened RT with sanctions or licence revocation following breaches to the UK broadcasting code.