“This could lead to serious damage to the banking system if the US authorities take sanctions.”
— max seddon (@maxseddon) May 17, 2024
The ECB is pushing European banks to hurry up their exits from Russia, fearful the US could punish them for violating sanctions: https://t.co/XH9y2vzHTn
A St Petersburg court has seized €463mn worth of assets belonging to Italy’s UniCredit, the European lender with the second-biggest exposure to Russia, @NastyaStognei @silvia_sb_ @FTJFranklin report https://t.co/nMy9l8ptIG
— max seddon (@maxseddon) May 18, 2024
Anyone still operating in Russia, all I can say is, they deserve what happens to them.