Flieger von Ryanair (Bild: Pixabay)
Wednesday, 26 May 2021 06:51
The Perils of Banking Eastern European Clients );}
EU sanctions quickly followed the interception of a Ryanair airliner to Belarus. A new wave of sanctions against Eastern European regimes is giving Swiss bankers headaches.
The EU only took a day. On Monday it banned all Belarusian airliners from its airspace and airports.
This followed Belarus Presiden
Alexander Lukaschenko s order to intercept a Ryanair airliner with a fighter jet and divert it to Minsk with a known regime critic and his girlfriend on board, who were then arrested.
USA Hits Back
This fresh round of sanctions has put another wave of steps against Russia on the table. According to media reports, the EU wants to discuss them in June. The current set of sanctions has been in place since the 2014 Crimean crisis while in April the US massively expanded the scope of its sanctions by targeting an additional 32 entities and individuals. As part