Turkish, Chinese, as well as the largest European banks – the Austrian Raiffeisen Bank International and the Italian UniCredit – continue to operate in Russia. The largest foreign investor in Russia until 2005, William Browder in conversation with 24 Channel< /strong> shared how to force banks to stop cooperation with the occupying country. If the US Treasury threatens foreign banks with revoking their license to move dollars, it will definitely change their behavior instantly. I am surprised that Raiffeisen Bank International was so stubborn on this issue. After all, it is obvious that this outrages all neighbors and allies of Austria,” Browder emphasized. In this way, financial ties between Chinese, Turkish and Russian banks can also be stopped. Once dollar transactions stop, the bank will effectively cease to be a bank. The United States has the ability to cut off banks it doesn't like from the dollar system, – noted William Browder. The US has leverage to ensure foreign banks act in accordance with the rules. No bank wants to be blacklisted and cut off from the United States of America. Now foreign banks are trying to find out how long they can work with an aggressor country with impunity. Because withdrawing money from Russia is extremely profitable, because Russians have few options. And so now everyone is weighing whether the profit is worth the risk. The US government should do the following, say: “No, the risk for you is catastrophic, don’t do this,” stated the largest foreign investor in Russia before 2005.The US can stop this
What are they waiting for
Foreign banks in Russia: what is known
Termination of cooperation between foreign banks and Russia: what leverage does the United States have?
65