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Can Europe's Economy Handle Russian Sanctions? | Frances Coppola
Forward Guidance
The Exposure of the Banking Sector to Russian Oligarchs
Francis: How exposed is the banking sector? I know that US-denominated banks don't have a ton of Russian-denominated assets with the exception of Citibank, which has deposits globally. Francis: The further we used to travel in Europe, more exposed the banks are to Russia. And so if banks are forced to retrench on all of that, then they're going to take a hit to their capital.
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