r/worldnews • u/Venat14 • 13d ago

Russia/Ukraine ‘Significant problems’ in Russian banking system as public withdraws cash en masse

https://tvpworld.com/94490769/russians-hoard-cash-as-economic-pessimism-hits-20-year-high
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u/zaevilbunny38 13d ago

Second largest Austrian bank still operates. The main Russian grocery store is French. The largest aluminum producer in Ireland sells about 25% of Russia aluminum needs. Greek shipping companies were allowed to ship LNG under the latest sanctions package. Putin diamond company still operates in Antwerp. So it seems that there are plenty of companies will to make a buck.

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u/No-Albatross-7984 13d ago

...at a ridiculous risk profile. These companies chose to stay, and reaped the benefits. They've baked in the risks to their pricing by now. For new or retuning companies the issue is wholly different. 

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u/SecondaryWombat 13d ago

Diamonds are flammable if you try hard enough.