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Tags: us banks | financial impact of russia sanctions

US Banks Do Not Expect Major Financial Impact, Risk Contagion From Russia Sanctions

NYSE
NYSE (AP)

Tuesday, 22 February 2022 12:54 PM EST

Banks in the United States do not expect a material financial impact on their businesses, or broader risk contagion, as a result of sanctions Washington and other countries are imposing on Russia over the Ukraine crisis, according to three people with knowledge of the industry thinking.

U.S. banks significantly reduced their exposure to the Russian economy following Russia's annexation of the Crimea in 2014, two of the people noted.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
Banks in the United States do not expect a material financial impact on their businesses, or broader risk contagion, as a result of sanctions Washington and other countries are imposing on Russia over the Ukraine crisis.
us banks, financial impact of russia sanctions
69
2022-54-22
Tuesday, 22 February 2022 12:54 PM
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