“…Regardless of whether this stance of generalized social distrust is attributed to the legacy of the communist past (Hosking, 2013(Hosking, , 2018Rose, 1994) or assumed to be deeply rooted in the Russian cultural tradition (Batjargal, 2006(Batjargal, , 2007a(Batjargal, , 2007b, it exerts a strong influence on the views and attitudes of contemporary Russian population. The characteristics of this low-trust environment are reflected in the general distrust of business (Rose, 1994), the lack of confidence in major companies and economic system as a whole (Shlapentokh, 2006), disappointment and disbelief in the country's social policy (Borozdina, Rotkirch, Temkina, & Zdravomyslova, 2016), and the loss of trust in Russian financial institutions (Rock & Solodkov, 2001), in particular private commercial banks (Spicer & Okhmatovskiy, 2015;Spicer & Pyle, 2002).…”