ECB rushing banks to quit Russia – FT  ...News

Lenders reportedly need to provide the regulator with an exit strategy as early as June over fears of US sanctions The European Central Bank is pressuring Eurozone banks still working in Russia to speed up their exits due to the risk of US sanctions, the Financial Times has reported, citing several people familiar with the matter. The Frankfurt-based regulator has reportedly sent letters to lenders with a request for an “action plan” for their business in Russia as early as next month.  A number of EU banks – including Austria’s Raiffeisen Bank International (RBI), Italy’s UniCredit, Dutch lender ING, Germany’s Co

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