European finance reacts to Ukraine with cyber warnings, bond freezes

  • 📰 Reuters
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

European finance reacts to Ukraine invasion with emergency plans, bond freezes

, whose Russian arm is one of the largest lenders in the country, fell as much as 8%, before triggering an automatic trading suspension.

European banks are the world's most exposed to Russia - especially those in France, Italy and Spain, which far outstrip U.S. banks' exposure, data from the Bank for International Settlements shows.European Union leaders will impose new sanctions on Russia, freezing its assets, halting access of its banks to the European financial market and targeting "Kremlin interests" over its "barbaric attack" on Ukraine, senior officials said on Thursday.

Deutsche Bank, like many lenders in recent years, has reduced its presence in Russia as sanctions on the country have expanded.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines