EXPLAINER-Russian banks face exclusion as EU joins new round of sanctions


Customers queue to use automated teller machines (ATM) inside a Sberbank PJSC bank branch in Moscow, Russia.

The United States, Britain and European Union leaders are targeting Russian banks as part of a new package of sanctions following Moscow's invasion of Ukraine.

Here is a rundown of how sanctions which have already been announced impact banks and investors:

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

U.S. EU , Russia , Banks , sanctions , Ukraine , invasion ,

   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read