NEWSWATCH: “U.S. Sanctions Would Be ‘Economic War’ to Head of Russia’s VTB; Personal sanctions would be preferable to institutional ones, Kostin says” – Bloomberg/Jake Rudnitsky, Francine Lacqua
“As Moscow braces for a possible expansion of U.S. sanctions, the head of Russia’s second-biggest bank said any further restrictions on the nation’s lenders would be tantamount to ‘economic war.’ * * * While VTB has been subject to restrictions on raising financing since 2014 after Russia’s annexation of Crimea from Ukraine, new sanctions could go as far as cutting off […]
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