What's new

[CNA] Concerns from Société Generale and other banks about the impact of sanctions in Russia on their activities

942525c154d94992b2c8c4b1b8ad3958.jpg
[/ATTACH][BR] Société Generale may see an "extreme scenario" in which Russia strips the bank of its local operations, it said on Thursday, in one of the starkest warnings from a Western company about the possible consequences of the war in Ukraine.

The French bank, whose $20 billion exposure to Russia is one of the largest foreign banks, said it was trying to reduce risks in the country as European banks review their operations in Russia amid escalating sanctions by the West.
(CNA)

CNA - Reuters
Contents of this article including associated images are owned by CNA
Views & opinions expressed are those of the author and/or CNA

Source
 
Back
Top