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Swiss Bank Freezes $5 Billion In Russian Money

• arclein

"Credit Suisse works with international regulators wherever it does business to ensure compliance with sanctions, including compliance with sanctions involving Russia," a bank spokeswoman told Reuters. The bank is complying with the latest round of anti-Russia sanctions announced in April by U.S. Treasury Secretary Steven Mnuchin meant to penalize Russia for its annexation of Crimea, involvement in the war in Syria and "attempting to subvert Western democracies".

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