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Sanctions Against Russia: Massive Threat for Austrian Banks
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Brussels plans to impose economic sanctions on Russia. The Austrian financial sector would suffer enormously an escalating conflict with Moscow.
Sanctions Against Russia: Massive Threat for Austrian Banks / Picture: © Vindobona.org
In case of economic sanctions against Russia, foreign investors have to fear countermeasures. According to insiders, the Russian government already prepares the confiscation of properties and assets held by U.S. and European companies. The Austrian Chamber of Economics (WKO) underlined that the diplomatic conflict may soon become an economic conflict. “The current political situation…
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