ICYMI: In response to a recent question from the European Parliament, Mairead McGuinness, European Commissioner for Financial Stability, Financial Services, and the Capital Markets Union, explained how the EU has sought to enforce the sanctions regime placed upon Russia following its invasion of Ukraine.
"Since the outset of Russia's war of aggression against Ukraine, the EU has taken a wide range of policy measures to limit Russia's capacity to finance its war of aggression, including through the adoption of 13 sanction packages," McGuinness wrote. "When complying with the framework imposed by the EU sanctions against Russia, banks remain responsible for the selection of their customers and the management of their risks."
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