US threatens EU bank with sanctions – media ...News

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US threatens EU bank with sanctions – media
Washington has reportedly warned Austria’s banking giant Raiffeisen over its operations in Russia Austria’s Raiffeisen Bank International, the biggest foreign lender in Russia, risks “being cut off from the US financial system” if it is found to have helped fund Russia’s military, according to the US Treasury  Department, as cited by Reuters. “As part of Washington’s renewed push on sanctions, it would encourage Austrian banks to examine their Russian exposure and ‘take mitigation measures’,” US top Treasury official Anna Morris said earlier this week. Raiffeisen has confirmed discussions with the US on potential

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