Saturday, May 25, 2024
HomeWorld NewsUS warned Raiffeisen access to dollar system could be curbed over Russia...

US warned Raiffeisen access to dollar system could be curbed over Russia | Reuters News Agency


Business & Finance

Reuters exclusively reported that Raiffeisen Bank International was warned by the U.S. Treasury in writing that its access to the U.S. financial system could be curbed because of its Russia dealings. 

Market Impact

The United States is the world’s most powerful regulator chiefly because it can sever a bank’s access to the dollar, a cornerstone of international finance. Losing access to the dollar would be likely to plunge any bank into a crisis. 

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: Europe

Countries: Austria

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story



Source link

RELATED ARTICLES

Most Popular

Recent Comments