Further sanctions against Russia may have negative impact on European banks
Tightening of European sanctions against Russia may adversely affect activities of the Italian Bank Unicredit and the whole European banking sector, an adviser to the Italian Bank, member of the Board of Directors, Gianni Franco Papa said today in an interview with the German Handelsblatt newspaper
"We are waiting for an EU decision and will treat it with respect, but if the sanctions are tightened, of course, it will be a blow not only on our interests, but also on the whole of Europe. Russia is too important a market," he said.
