City
Epaper

No Russian financial institution safe if 'Invasion' of Ukraine proceeds: US Official

By ANI | Updated: February 23, 2022 03:30 IST

No Russian financial institution can feel safe if the "invasion" of Ukraine proceeds, with the United States standing ready to take further action against the largest Russian banks, including Sberbank and VTB, a senior US administration official told a press briefing.

Open in App

No Russian financial institution can feel safe if the "invasion" of Ukraine proceeds, with the United States standing ready to take further action against the largest Russian banks, including Sberbank and VTB, a senior US administration official told a press briefing.

"No Russian financial institution is safe. If this invasion proceeds, we are ready to press a button to take further action on the very largest Russian financial institutions, including Sberbank and VTB, which collectively hold almost $750 billion in assets or more than half the total in Russia as a whole," the official said on Tuesday. (ANI/Sputnik)

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Sberbank of RussiaVtb
Open in App

Related Stories

InternationalEU agrees to ban 'more than 2/3' of Russian oil imports

BusinessNegotiation is on to import cheaper oil from Russia: Finance Ministry sources

InternationalUS sanctions 8 Sberbank, 27 Gazprombank executives: White House

InternationalUS sanctions 8 Sberbank, 27 Gazprombank executives: White House

InternationalEU to sanction Russia's Sberbank, other banks: Report

International Realted Stories

International"Silence or compromise only emboldens the bully...": Chinese envoy says Beijing opposes US tariffs on India

InternationalMaritime diplomacy in focus at SLINEX-25 Naval exercise between India, Sri Lanka

InternationalJoint operation with Belarusian police leads to arrest of three for human trafficking

InternationalIndia, China to set up two groups on border issue, SRs held very important talks: Chinse envoy

InternationalBeijing attaches great importance to PM Modi's upcoming China visit: Chinese Ambassador