Bloomberg learned about the discussion of US authorities and banks of sanctions against Russia

The administration of US President Joe Biden discussed with the heads of the largest banks in the country possible anti-Russian sanctions to ensure the stability of the global financial system if they are introduced. it is reported by BLOOMBERG, citing an informed source.

The discussion, according to the agency, took place this week and was attended by members of the National Security Council and other senior officials of the presidential administration. The meeting was attended by executives of Bank of America, JPMorgan Chase & Co, Citigroup, Goldman Sachs Group and others.

Bloomberg writes that the US authorities have informed banks about their concerns because of the possible side effects that could arise if economic sanctions were imposed on RUSSIA, as happened in 2018. Then the restrictions imposed on Moscow (UC Rusal, at that time controlled by Oleg Deripaska, fell under the sanctions) disrupted the aluminum supply chain and provoked a 30% increase in the price of the metal.

At the end of January, the European Central Bank warned European banks that operate in Russia about the risks that sanctions bear for them in the event of Moscow's aggression against Kyiv, the Financial Times reported, citing sources. The European regulator asked financial institutions to notify how they intend to act in such a development of events. One of the questions of the European Central Bank to banks was the topic of a possible disconnection of Russia from SWIFT - an international interbank system for transmitting information and making payments.