US Treasury Secretary Janet Yellen said that European banks face growing risks operating in Russia and the US is looking at strengthening its secondary sanctions on banks found to be aiding transactions for Russia’s war effort.
Bank ditched asset-swap plan connected to oligarch Oleg Deripaska after letter warning of potential secondary sanctions
US Treasury can hit Turkish banks with secondary sanctions if they are involved in exports used in Ukraine war
Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates become more wary of US secondary sanctions.
