Russia's VEB bank chief warns sanctions endanger Ukraine banking system


BERLIN (Reuters) - The head of Russia's state development bank VEB said Western sanctions against Moscow risk endangering Ukraine's banking system because Russian banks could not give liquidity to subsidiaries there.

VEB chairman Vladimir Dmitriev told German newspaper Tagesspiegel am Sonntag the sanctions were causing considerable damage and hitting the wrong people.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read