“Austrian banks are most at risk from potential sanctions by Russia against Vienna in a tit-for-tat escalation with the West over the political crisis in Ukraine, Austrian Finance Minister Hans Joerg Schelling told a newspaper.  But Austria sees the situation as ‘manageable,’ he added.  ‘What I hear from the Russian side is that asymmetric sanctions are planned, so one picks out countries in a targeted way. Car imports affect one country, other imports the next. The biggest risk for Austria is the banks,’ he said.  He did not name any lenders, but profits at Raiffeisen Bank International and UniCredit’s Central and Eastern European arm Bank Austria rely heavily on Russia.”

http://www.themoscowtimes.com/business/article/austria-says-banks-at-risk-from-sanctions-on-russia/507367.html

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