The United States will check European banks for circumvention of anti-Russian sanctions

5

The U.S. Department of Justice sent subpoenas to Swiss banks Credit Suisse and UBS, according to which these credit institutions must report on possible joint activities with Russian oligarchs and help Moscow evade sanctions.

A number of Swiss banks were actively cooperating with Russian legal entities prior to the start of the special operation. Thus, in Credit Suisse, Russians had accounts for approximately $60 billion, from which the bank received from $300 to $600 million in income annually. After the introduction of the first restrictions, Russian citizens took part of the funds, leaving about $33 billion in bank accounts.



Previously, Credit Suisse took part in the blocking of Russian assets, freezing about $19 billion of Russia's gold and foreign exchange reserves. At the same time, it was stated that these funds would go to help Ukraine. However, later the country's authorities abandoned this step, since its implementation would require a separate referendum.

Meanwhile, the decline in the value of shares of major European banks due to the crisis in the United States continues. The drop leaders were Deutsche Bank AG, Commerzbank and Credit Suisse. In this situation, checking banks by the American Themis is nothing more than finishing off the European banking system in difficult financial conditions.
5 comments
Information
Dear reader, to leave comments on the publication, you must sign in.
  1. zzdimk
    zzdimk
    0
    24 March 2023 19: 14
    Wow! Some ... climb with their snouts into the banking systems of "sovereign" states... Or, finally, it became clear that there are no other banking systems in the West, except for mattress ones?
    1. In passing
      In passing
      0
      24 March 2023 19: 57
      Why is there sovereign. A dozen years ago, the question of the Swiss secrecy of deposits also arose. Well, the Americans have all the secrets. And if you consider that the Americans cleaned up the offshores, then things are bad.
  2. Denisimo
    Denisimo
    0
    24 March 2023 19: 22
    Maybe it was just the way it was originally planned? First, the collapse of the European economy, then the banking system. And what will be left with? The branch on which they sat, in the form of inexpensive (well, not in everything) Russian imports, has already been cut down.
  3. In passing
    In passing
    0
    24 March 2023 19: 53
    Bolivar can't take two. Americans are cleaning up everything that can go to help their banks. Yes, nothing personal, just business. Kidalovo world scale, sort of.
  4. Foxsvl
    Foxsvl
    0
    26 March 2023 07: 10
    The United States will soon check the analyzes of all gay Europeans, who ate what. And they will put a chip in the brain, all of a sudden someone does not comply with the sanctions.