May 26, 2024, 7:41 AM
May 25, 2024, 4:13 PM
European banks in Russia face an 'awful lot of risk'
Euractiv
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Source
US Treasury Secretary Janet Yellen said that European banks face growing risks operating in Russia and the US is looking at strengthening its secondary sanctions on banks found to be aiding transactions for Russia's war effort.
CNBC
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Source
President Biden's new secondary sanctions allow the Treasury to cut off banks from the U.S. financial system if they assist Russia's invasion of Ukraine.
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