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Russia’s Sberbank and VTB would face sanctions if invasion proceeds, U.S. official says -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The VTB Bank logo is displayed at the St. Petersburg International Economic Forum, SPIEF, Saint Petersburg, Russia. June 3, 2021. REUTERS/Evgenia Novozhenina

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WASHINGTON, (Reuters) – Russia’s Sberbank, and VTB will be subject to American sanctions if Moscow invades Ukraine. A senior U.S. Administration official warned reporters Tuesday that Russia had no financial institutions safe.

Official also stated that Russian officials should not be sanctioned Tuesday, but noted that the Biden administration is fully equipped with many countries in order to apply export control measures in case Russia invades again.

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