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| Government Corruption |
| US Treasury threatens European banks with sanctions for ties with Russia |
| 2024-05-27 |
| Direct Translation via Google Translate. Edited. [Regnum] The United States of America may impose secondary sanctions against European banks operating in Russia.The head of the US Treasury Department, Janet Yellen, stated this in a conversation with Reuters on May 25. “We are considering the possibility of possibly tightening our sanctions against banks doing business in Russia,” Yellen said, without specifying which financial institutions are on the list of possible sanctions. According to her, working in Russia allegedly creates great risks for European banks. According to Reuters, the US Treasury expects Austrian Raiffeisen Bank International and Italian UniCredit to leave the Russian Federation. As Regnum reported, in March Western media reported that the United States threatened Raiffeisen Bank International with sanctions restrictions and possible withdrawal from the American financial system. However, this information was later denied, stating that the RBI did not receive specific threats from the US Treasury. According to The Wall Street Journal, Washington is developing sanctions against a number of Chinese banks to force Beijing to sever commercial relations with Moscow. The American side fears that Russia, even under conditions of unprecedented sanctions, will be able to win in Ukraine in a conflict of attrition. |
| Posted by:badanov |
| #2 Look up the term debtor in possession. |
| Posted by: M. Murcek 2024-05-27 18:54 |
| #1 The US Gov as a whole and only strong negotiating point is TAXPAYERS are paying out almost $1 Trillion in National Debt interest a year to about a dozen countries. |
| Posted by: NN2N1 2024-05-27 16:03 |