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The European Central Bank (ECB) has asked European banks for reports on their readiness to impose sanctions against Russia. This is stated in the Financial Times article (translated by Lenta.ru).
The regulator is trying to figure out how financial institutions will act in various scenarios, for example, if Russian banks are blocked from accessing SWIFT.
ECB officials have warned creditors represented in Russia of the need to prepare for the imposition of international sanctions in the event of a Russian “invasion” of Ukraine.
In addition, the ECB demanded information about connections in Ukraine and Russia from Deutsche Bank and ING.
Earlier it was reported that Germany, during discussions of sanctions, withdrew from consideration the issue of disconnecting Russia from SWIFT.
Nevertheless, according to US State Department spokesman Ned Price, Russia’s military activity in the region of Ukraine leads to negative consequences in the financial markets, but in the event of an “invasion” of Ukrainian territory, the consequences for the Russian economy will be much more difficult.
The White House previously reported that the United States was preparing against the Russian economy a one-time, rather than phased, imposition of sanctions in the event of an escalation of the situation around Ukraine. At the same time, the Bild newspaper wrote that the United States offered its allies anti-Russian sanctions that could affect the export of raw materials and weapons from the Russian Federation and damage the Russian economy in the amount of more than $50 billion.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
