Home > News > World
Thursday July 17, 2014 MYT 2:20:02 PM
Thursday July 17, 2014 MYT 2:21:14 PM
MOSCOW (Reuters) - The chief executive of Russia's VTB bank said on Thursday new U.S. sanctions imposed on Moscow over the Ukraine crisis were inappropriate and warned of potentially devastating consequences for the global financial system.
"Of course, these sanctions are inappropriate and of course they do not correspond to the spirit or the legal standards of existing international relations, in particular in the field of finance and banking," Andrei Kostin, whose bank is Russia's second largest, was quoted as saying by Itar-Tass news agency.
"I believe that if we do not take measures to stop such unilateral actions, we could see devastating consequences for the global financial system."
(Reporting By Timothy Heritage, editing by Elizabeth Piper)
Irish government says Sinn Fein must help ensure IRA put 'out of business'
Brazil's crafty Senate boss helps keep Rousseff afloat
Huge protest in Tokyo rails against PM Abe's security bills
Saudi-led coalition air strike kills 36 Yemeni civilians - residents
Putin pumps iron to show Russians his healthy, wholesome side
Five unusual ways to build endurance for a marathon
Apple fast closing in on wearable device maker Fitbit
Jobless woman happy to own a house
Chua: Treasury to look into the matter following appeals
Copyright © 1995-2015 Star Media Group Berhad (ROC 10894D)(Formerly known as Star Publications (Malaysia) Berhad)