EU targets Chinese banks over Russian trade links
Proposed sanctions would be the first time Brussels has moved against third-country lenders supporting Moscow
Proposed sanctions would be the first time Brussels has moved against third-country lenders supporting Moscow

Discussions come after Trump administration signals willingness to go after Moscow’s revenues

Brussels earlier imposed curbs on two Chinese lenders over trade with Russia

European Commission due to present 18th series of measures against Moscow on Tuesday

German bank found it had accepted deposits of more than €100,000 from individuals subject to EU sanctions restrictions

Lenders concerned they could be at significant risk of potential lawsuits from Moscow

Price increases show that western restrictions are limiting Moscow’s capabilities, Bank of Finland research finds