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Russia set to challenge legality of frozen central bank assets
Russia has said it will take legal steps to recover $300 billion of its foreign currency reserves frozen by international...
Russian bank closures disrupt European banking operations
Russia’s attack on Ukraine and the resulting economic sanctions have already impacted European banking in several ways, many of which...
Visa, Mastercard and American Express stop Russian operations
Visa, Mastercard and American Express have suspended operations in Russia. The decision followed a request by Ukraine’s President Volodymyr Zelensky...
Sberbank pulls out of Europe as Austrian entity fails
Sberbank has announced it has been forced to pull out of the European market, after it said it faced large...
EU pulls trigger on Russia Swift ban – but will it be effective?
The European Union has announced it will exclude seven Russian banks from the Swift messaging system but stopped short of...
Russian banks cut off from Swift and Central Bank from international reserves
For all of those of us, myself included, who thought that the sanctions laid out by ally governments around the...
Can Europe’s banks cope with the fallout from Russian sanctions?
Just as the European banking sector started to see some attractive tail winds pushing it along, the first since the...