Connect with us

Hi, what are you looking for?

Economy

Raiffeisen shares fell – Portfolio.hu

Raiffeisen shares fell – Portfolio.hu

Early Thursday, it was known that the top US sanctions official would warn Austria and Raiffeisen International Bank about the risks of doing business in Russia, which happened over the weekend.

Anna Morris, head of the US Treasury's illicit funds movement, urged Austrian banks to reconsider their exposure to Russia.Take mitigation measures“.

According to an announcement by the US Embassy in Vienna on Wednesday, banks are expected to refrain from “With the Russian military industrial base“From doing business, otherwise They risk being cut off from the US financial system. Reuters reports that

Losing access to dollars would likely push any bank into crisis.

The meeting took place recently, where Anna Morris discussed with leaders of the Austrian government and Raiffeisen. “In principle, we do not comment publicly on discussions with representatives of the authorities“Raiffeisen told EUobserver. They added: “Media reports indicating that the bank is accused of violating or evading sanctions imposed by the US Treasury are incorrectThe Reserve Bank of India said.

Raiffeisen shares fell today on news of the visit: the exchange rate is currently down 8.2 percent.

But at the lowest point, the offering was 12 percent.

Cover image source: Shutterstock

This article does not constitute investment advice or an investment recommendation. Detailed legal information

See also  These banknotes were in the first 75 years of the forint
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Top News

In a harrowing incident that has shaken the community of Lewiston, Maine, a series of shootings on Wednesday evening resulted in a tragic loss...

Top News

President Joe Biden’s abrupt departure from a speech on the U.S. economy at the White House on Monday sent a ripple of speculation and...

World

Chinese scientists have discovered a little-known type of ore containing a rare earth metal highly sought after for its superconducting properties. The ore, called...

Tech

A dangerous application appeared in the Apple App Store disguised as a known program. 24.hu reported the Based on TechCrunch article. Dangerous app in...

Copyright © 2024 Campus Lately.