No Russian financial institution is safe if ‘invasion’ of Ukraine continues: US


No Russian financial institution can feel safe if the ‘invasion’ of Ukraine continues, with the US ready to take further action against Russia’s biggest banks, including Sberbank and VTB, a senior official has said. US administration official at a press briefing.

“No Russian financial institution is immune. If this invasion continues, we are ready to press a button to take further action against Russia’s largest financial institutions, including Sberbank and VTB, which collectively own close to $750 billion in assets, more than half of the total in Russia as a whole,” the official said on Tuesday.



(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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