Stock Groups

U.S. banks do not expect major financial impact, risk contagion from Russia sanctions

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: Washington Federal Reserve Building, U.S.A. January 26, 2022. REUTERS/Joshua Roberts

WASHINGTON (Reuters), – According to three sources familiar with the sector, banks in the United States don’t expect a significant financial impact or broader risk contagion from the sanctions Washington and the other countries imposed against Russia due to the Ukraine crisis.

Two people who spoke out noted that U.S. banks had significantly decreased their exposure to Russia after Russia annexed Crimea in 2014.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]