US threatens to sanction countries that host Russian banks

US threatens to sanction countries that host Russian banks

The US has warned states which trade with Moscow that they risk secondary sanctions if they allow Russian banks to set up local subsidiaries

US threatens to sanction countries which host Russian banks - The Press United | International News Analysis, Viewpoint

The US Treasury Department has claimed that Moscow’s financial institutions evade sanctions by opening subsidiaries in third countries Nations which maintain economic ties with Russia risk secondary sanctions if they allow Russian banks to open local branches to facilitate bilateral trade, the US Treasury’s Office of Foreign Assets Control (OFAC) stated on Friday. The measures […] The post US threatens to sanction countries which host Russian ba…