EU won’t fine banks for failing to reveal Russian assets – Politico ...News

Economy by : (Russia Today) -
The measure reportedly faced pushback from nearly half of the bloc’s member states The tenth round of EU sanctions on Russia won’t include fines for banks that fail to report on frozen Russian assets, Politico reported on Wednesday, citing sources close to the discussions. According to the report, a group of 13 countries, including Austria, Germany, France and Italy, objected to the move during a meeting on Tuesday, citing the need for legal clarifications “which cannot be solved simply by reviewing a package of sanctions in a few days.” Opponents of the move questioned the European Commission’s legal power to int

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