European finance reacts to Ukraine invasion with emergency plans, bond freezes
, whose Russian arm is one of the largest lenders in the country, fell as much as 8%, before triggering an automatic trading suspension.
European banks are the world's most exposed to Russia - especially those in France, Italy and Spain, which far outstrip U.S. banks' exposure, data from the Bank for International Settlements shows.European Union leaders will impose new sanctions on Russia, freezing its assets, halting access of its banks to the European financial market and targeting "Kremlin interests" over its "barbaric attack" on Ukraine, senior officials said on Thursday.
Deutsche Bank, like many lenders in recent years, has reduced its presence in Russia as sanctions on the country have expanded.
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