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Keegan Matheson on Blue Jays, Baseball Memories, and More | SaltWire #writer #torontobluejays #mlbSTRESA, Italy - U.S. Treasury Secretary Janet Yellen told Reuters that European banks face growing risks operating in Russia and the U.S. is looking at strengthening its secondary sanctions on banks found to be aiding transactions for Russia's war effort.
Raiffeisen is the largest European lender doing business in Russia, followed by UniCredit. Another large Italian lender, Intesa Sanpaolo is working to dispose of its Russian business. The existence of the secondary sanctions has already chilled banks' engagement with Russia, but Yellen has expressed concern that Russia is managing to find avenues to acquire goods needed to boost its military production, citing transactions through China, the United Arab Emirates and Turkey.Earlier this month, the Treasury warned Raiffeisen in writing that its access to the dollar-denominated financial system could be cut off because of its Russia dealings, citing a proposed 1.
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Russia renews attacks on the Ukrainian energy sector as Kyiv launches drones at southern RussiaRussia launched a barrage of missiles against Ukraine overnight, in attacks that appeared to target the country's energy infrastructure. Meanwhile, Russia said its air defense systems had intercepted more than 60 Ukrainian drones over the southern Krasnodar region.
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