BIS figures show banks cutting Russia exposures
Exposures down almost half since Russia annexed Crimea in 2014
Banks have been cutting their exposures to Russia since around the time the country annexed Crimea, in March 2014, Bank for International Settlements statistics show.
The latest international banking statistics, published on April 28, show global bank exposures at the end of 2021, before the full-scale invasion of Ukraine in February. Banks outside Russia continued to cut their exposures to the country in the fourth quarter of 2021, bringing them to $88 billion, down from $171 billion in Q1
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