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US Treasury threatens Austria’s Raiffeisen Bank over Russia unit

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Washington has warned Raiffeisen Bank International the lender is at risk of having its access to the US financial system curtailed because of its operations in Russia, said a person with direct knowledge of the correspondence.

Washington could invoke national security grounds against the Austrian bank, according to a letter from deputy US Treasury secretary Wally Adeyemo dated May 6. The warning mentioned an…



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