StockWatch: Russia Owes to Wall Street Banks, Will They Collect?

It has come to light that Russian entities owe more than $100bn to international banks.

Goldman Sachs has disclosed that it had credit exposure to Russia of $650 million in December 2021.

Also, Citigroup said last week that it had roughly $10 billion in total exposure to Russia.

Will these big wall street banks have enough to absorb the consequences of Russia being cut off from the global banking network?

Timestamps:

• JPM 01:45
• GS 03:05

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