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Russian president Vladimir Putin (r) at a military base in February (Photo: Kremlin.ru)

EU banks in Russia react to US sanctions threat

The US has threatened Austria's top bank with sanctions for doing business in Russia, following earlier briefings with German lenders.

The US Treasury warned Austria's Raiffeisen Bank International (RBI) it risked "being cut off from the US financial system" if it was helping to fund Russia's military.

It read the riot act in a press release on Thursday (7 March).

Senior Treasury official Anna M...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Russian president Vladimir Putin (r) at a military base in February (Photo: Kremlin.ru)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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