European Banks in Russia Face Significant Risks, Warns Yellen
===============	
#c0b53b5d ver:0.14

European banks operating in Russia face significant risks, warns Janet Yellen. The US is considering stronger secondary sanctions on banks aiding Russia's war effort. European Central Bank advises caution, and US pressure has already reduced engagement. Yellen expresses concern about Russia's acquisition of military goods through transactions with China, UAE, and Turkey. US Treasury can cut off banks aiding sanctions circumvention. Russia's economy is increasingly a 'war economy,' making it hard to distinguish civilian and military transactions. #Russia #sanctions #economy...

#newstr #EuropeanBanks #Russia #Sanctions #SecondarySanctions #RaiffeisenBankInternational #Unicredit #FabioPanetta #UsTreasury #WarEconomy 

 https://here.news/story/c0b53b5d?ver=0.14