More Bailouts Needed Soon? Russian Banks Creating Major Counter Party Risk For Large Banks

Counter party risk continues to grow the longer…

by Jason Burack of Wall St For Main St 

But the counter party risk for large European banks continues to grow the longer this Ukraine war drags on and sanctions against Russia’s economy continue or even get worse.

There are even reports of Russian banks charging customers a 30% conversion fee to convert their Russian Rubles into other foreign currencies.

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