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)
Holder says U.S. malls should 'step up' security - CNN
Lesotho prepares for early vote in bid to ease political crisis
Islamic State under pressure as Kurds take Syrian town
Libya's PM says Turkey supplying weapons to rival Tripoli group
Malaysians abroad share how they celebrate our local festivals
8 Incredible food and wine adventures you can do in Australia!
Music streaming: Free is the key
No open house, no thanks to the Eagles
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)