Early Thursday, it was known that the top US sanctions official would warn Austria and Raiffeisen International Bank about the risks of doing business in Russia, which happened over the weekend.
Anna Morris, head of the US Treasury's illicit funds movement, urged Austrian banks to reconsider their exposure to Russia.Take mitigation measures“.
According to an announcement by the US Embassy in Vienna on Wednesday, banks are expected to refrain from “With the Russian military industrial base“From doing business, otherwise They risk being cut off from the US financial system. Reuters reports that
Losing access to dollars would likely push any bank into crisis.
The meeting took place recently, where Anna Morris discussed with leaders of the Austrian government and Raiffeisen. “In principle, we do not comment publicly on discussions with representatives of the authorities“Raiffeisen told EUobserver. They added: “Media reports indicating that the bank is accused of violating or evading sanctions imposed by the US Treasury are incorrectThe Reserve Bank of India said.
Raiffeisen shares fell today on news of the visit: the exchange rate is currently down 8.2 percent.
But at the lowest point, the offering was 12 percent.
Cover image source: Shutterstock
This article does not constitute investment advice or an investment recommendation. Detailed legal information
