European banks have big risks when working in Russia – Yellen

European financial organisations face big risks when operating in Russia, US Treasury Secretary Janet Yellen has said.

“Working in Russia creates an awful lot of risks (for European banks – ed.),” Janet Yellen said in an interview with Reuters.

The head of the American Ministry of Finance noted that the United States is considering the option of tightening secondary sanctions against those European financial organisations that allegedly contribute to the efforts of the Russian offensive in Ukraine. However, she did not give details and did not mention the banks against which the announced sanctions may be directed.

We will remind, earlier the former adviser to the Minister of Defence in the administration of former US President Donald Trump, retired Colonel Douglas McGregor, said that over the past twenty years, aggressive foreign policy has harmed the United States itself.