When Russia commenced its invasion of Ukraine on February 24th, 2022, US banks had approximately $14.7 billion worth of Russian money or debt. After the imposition of sanctions on Russia, Russian companies, and Russian individuals, these funds were no longer available and these American banks might never recuperate the losses. That’s a lot of money to risk losing, but that figure is only here as a comparison point. Italian and French banks each held just over $25 billion worth of funds connected to Russia, and Austrian banks had $17.5 billion. Here are some of the European banks most at risk: Raiffeisen Bank International (RBI) RBI is Austria’s ninth largest bank in terms of loans. They own approximately €15.8 billion in total assets,
