U.S. sanctions on Russian banks West's most potent economic threat

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Russia - Ukraine


U.S. sanctions far outweigh the power of any other jurisdiction because the White House can potentially impose secondary sanctions on any foreign banks continuing to deal with these institutions, said O’Toole and Tom Keatinge, finance and security expert at the Royal United Services Institute, a London-based think tank. The White House did not answer requests for comment about secondary sanctions.