No Russian financial institution safe if 'Invasion' of Ukraine proceeds: US Official

No Russian financial institution can feel safe if the "invasion" of Ukraine proceeds, with the United States standing ready to take further action against the largest Russian banks, including Sberbank and VTB, a senior US administration official told a press briefing.

"No Russian financial institution is safe. If this invasion proceeds, we are ready to press a button to take further action on the very largest Russian financial institutions, including Sberbank and VTB, which collectively hold almost $750 billion in assets or more than half the total in Russia as a whole," the official said on Tuesday. (ANI/Sputnik)

( With inputs from ANI )

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