Media: the strengthening of the ruble has become "Headache" For Western banks

Bloomberg wrote that the strengthening of the Russian ruble against the euro has become a “headache” for Western banks.

She pointed out that foreign companies that left Russia are suffering huge losses.

He quotes Johann Strobel, CEO of the Austrian Raiffeisen Bank, who said that his bank’s benefits are increasing in light of the strengthening of the ruble, but for Western banks that have suspended their work on Russian lands, the strengthening of the Russian currency will become a “headache” for them.

In particular, the French bank Societe Generale SA confirmed that its losses in the second quarter of this year amounted to 3.3 billion euros in connection with the withdrawal from Russia.

The Economist magazine previously wrote that the Russian economy remains stable despite the “unprecedented sanctions” imposed on it.

In turn, EU Commissioner for Foreign Affairs Josep Borrell admitted that the Russian ruble overcomes European sanctions well.

Source: RIA Novosti

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