{"id":553,"date":"2024-04-22T05:16:08","date_gmt":"2024-04-22T09:16:08","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=553"},"modified":"2024-04-22T05:16:08","modified_gmt":"2024-04-22T09:16:08","slug":"european-central-bank-set-to-order-two-eu-banks-to-reduce-russian-business","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2024\/04\/22\/european-central-bank-set-to-order-two-eu-banks-to-reduce-russian-business\/","title":{"rendered":"European Central Bank set to order two EU banks to reduce Russian business"},"content":{"rendered":"<p><a href=\"https:\/\/www.reuters.com\/markets\/europe\/ecb-set-order-unicredit-reduce-russia-business-sources-say-2024-04-19\/\"><em>Reuters<\/em> has reported<\/a> that the European Central Bank is gearing up to order that the Italian Bank UniCredit must reduce its Russia-related business.<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/world\/europe\/austrias-rbi-expects-ecb-request-speed-up-reduction-russian-business-2024-04-18\/\"><em>Reuters <\/em>has also reported<\/a> that the ECB is to similarly order Austria&#8217;s Raiffeisen bank to reduce its Russian lending by 65% and to reduce its involvement in Russia-related payments.<\/p>\n<p>The ECB did not comment on either story.<\/p>\n<p>The ECB has the power to fine non-compliance with such orders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters has reported that the European Central Bank is gearing up to order that the Italian Bank UniCredit must reduce its Russia-related business. Reuters has also reported that the ECB is to similarly order Austria&#8217;s Raiffeisen bank to reduce its Russian lending by 65% and to reduce its involvement in Russia-related payments. The ECB did &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2024\/04\/22\/european-central-bank-set-to-order-two-eu-banks-to-reduce-russian-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;European Central Bank set to order two EU banks to reduce Russian business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":656,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[79,71],"tags":[18],"ppma_author":[7],"class_list":["post-553","post","type-post","status-publish","format-standard","hentry","category-79","category-financial-services","tag-russia"],"authors":[{"term_id":7,"user_id":656,"is_guest":0,"slug":"mhandley","display_name":"Mark Handley","avatar_url":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-content\/uploads\/sites\/65\/2023\/09\/handleymark-100x100.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/users\/656"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/comments?post=553"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/553\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=553"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}