European Banks in Russia Face Growing Risks, Warns Yellen
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#c0b53b5d ver:0.15

European banks in Russia face growing risks as the US considers strengthening secondary sanctions on banks aiding Russia's war effort. US Treasury Secretary Yellen warns of an "awful lot of risk" and urges caution. European Central Bank policymaker Panetta advises Italian banks to be careful. US pressure has already chilled engagement with Russia. Yellen expresses concern about Russia acquiring military goods through transactions with China, UAE, and Turkey. US can cut off banks from the financial system for assisting circumvention of primary sanctions. Russia's economy is increasingly a "war economy." #Russia #sanctions #economy...

#newstr #EuropeanBanks #Russia #Sanctions #UsTreasury #JanetYellen #SecondarySanctions #RaiffeisenBankInternational #Unicredit #FabioPanetta #UsFinancialSystem 

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