By Alexandra Schwarz-Goerlich and John O’Donnell
A top U.S. sanctions official will this week warn Austria and Raiffeisen Bank International of the dangers of doing business in Russia, piling pressure on the biggest Western bank there.
As part of a renewed push by Washington on sanctions enforcement, Anna Morris, a U.S. Treasury official focused on illicit money flows, will encourage banks in Austria to examine their Russian exposure and “take mitigation measures”.
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