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ECB Warns European Banks on Risk From Russia Sanctions, FT Reports

01/27/2022 | 03:17am EST

--The European Central Bank has told lenders with significant exposure to Russia to prepare for Moscow to be hit by international sanctions if it invades Ukraine, the FT reports, citing unnamed sources.

--International banks with large exposure in Russia include Citigroup, France's Societe Generale, Austria's Raiffeisen and Italy's UniCredit.

--The U.S. and EU are close to agreeing on sanctions aimed at hurting Russian banks in the event of an invasion of Ukraine.


Full story: https://on.ft.com/3r4pC2B


Write to Cristina Roca at cristina.roca@wsj.com


(END) Dow Jones Newswires

01-27-22 0316ET

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.35% 0.6312 Delayed Quote.-0.84%
BRITISH POUND / EURO (GBP/EUR) -0.02% 1.1972 Delayed Quote.0.45%
CANADIAN DOLLAR / EURO (CAD/EUR) -0.13% 0.702001 Delayed Quote.0.69%
CITIGROUP INC. 1.00% 64.75 Delayed Quote.7.22%
INDIAN RUPEE / EURO (INR/EUR) -0.12% 0.011863 Delayed Quote.0.32%
RAIFFEISEN BANK INTERNATIONAL AG -1.06% 24.18 Delayed Quote.-5.49%
SOCIÉTÉ GÉNÉRALE 0.74% 33.315 Real-time Quote.9.52%
UNICREDIT S.P.A. -1.22% 13.414 Delayed Quote.0.80%
US DOLLAR / EURO (USD/EUR) 0.40% 0.893248 Delayed Quote.0.59%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.26% 79.20831 Delayed Quote.5.05%
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