Russia Braces for Permanent Sanctions From the U.S.
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Andrey Kostin, a former Soviet envoy in London who runs Russia’s second-largest bank, was exultant when Donald Trump was elected last year.” We may soon see U.S. business sanctions easy or even filched ,” he replied at the time. Now, he’s changed his pitch as his state-run VTB Group, like other targeted Russian entities, faces decades of restrictions on foreign borrowing. President Trump reluctantly codified those sanctions into principle on Aug. 2 when he signed a money that elapsed Congress with veto-proof majorities.” There’s a crusade in the field of finances ,” Kostin deplored at a banking powwow in St. Petersburg on July 14.