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The European Central Bank (ECB) is approaching banks in the eurozone to assess their risk exposure to Russia, the ECB said on Wednesday, as the West threatened further sanctions against the Russian Federation.
"The ECB is closely monitoring the situation and is in close contact with supervised banks and national competent authorities," the bank told Agence France-Presse.
The ECB is considering what impact both further sanctions against Russia and the impact of a wider conflict in Ukraine could have on banks' liquidity, their loan portfolios and their ability to continue operating, according to Bloomberg, which first published the news.
(CNA)
CNA - French News Agency
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