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Pam and Russ Martens: Unsanctioned, Western banks continue to operate normally in Russia
By Pam and Russ Martens
Wall Street on Parade
Friday, February 25, 2022
While Ukrainian children sleep with their pets in the subways, living in terror of the bombs raining down on them from their Russian invaders, wealthy Russian oligarchs are being comforted by "relationship managers" at banks owned by the very nations that say they are going to hold Russia accountable for its invasion of Ukraine.
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Noticeably missing from President Biden's press conference yesterday on expanded sanctions against Russia for its invasion of Ukraine was any mention of how the United States and its allies were going to deal with the big foreign global banks that conduct banking business for thousands of Russian corporations and millions of Russian individuals. Biden only mentioned sanctions on Russian banks. ...
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