US threatens German banks with sanctions – Reuters ...News

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US threatens German banks with sanctions – Reuters
The treasury secretary has urged financial institutions to comply with restrictions on Russia or face penalties German bank executives need to increase their compliance with sanctions on Russia, and shut down any efforts to circumvent them, US Treasury Secretary Janet Yellen warned on Tuesday during a meeting with bankers in Frankfurt, according to Reuters. The US official reportedly stressed that Russia must not be allowed to procure “sensitive goods” to aid its military operation in Ukraine, and warned that Washington now has the authority to hit foreign banks with secondary sanctions if they are believed to be

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