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31· Cooling
Economics2h 40m ago
The Kremlin dismissed concerns about potential new European Union sanctions on its banks, stating that these institutions have been operating under restrictions for some time without hindrance to their profitability.
Kremlin
Who
Kremlin, Dmitry Peskov, President Vladimir Putin
What
The Kremlin dismissed concerns about potential new European Union sanctions on its banks, stating that these institutions have been operating under restrictions for some time without hindrance to their profitability.
When
Thu, 11 Jun 2026 10:30:50 GMT · 2h 40m ago
Where
Kremlin ·
Why
The Kremlin stated Russian banks' resilience in maintaining profits despite long-standing restrictions.
The Frontline Impact
How this affects you
The Kremlin's dismissal of new EU sanctions on its banks suggests that existing financial restrictions may not be significantly hindering Russia's economy, which saw only a slight dip of 0.3% in the first quarter.
Story chain
1 event in this threadNo related history yet - this is the origin event.
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