Continued exposure to the sanctioned country poses a reputational risk, the European Central Bank’s chief supervisor warns The European Central Bank (ECB) has urged lenders to hasten their withdrawal from Russia due to increased risks of doing business in the sanctioned country, Reuters reported on Tuesday. According to the outlet, citing ECB supervisory chief Andrea Enria, the matter has taken on new significance following Saturday’s mutiny by the Wagner Group private military company. In a letter to members of the European Parliament, Enria reportedly said his unit had “urged these banks to speed up their downsi
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