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The HSBC bank logo is seen in the Canary Wharf financial district in London, Britain, March 3, 2016.

HSBC Orders Staff To Drop Russian Banks VTB, VEB-memo

British bank HSBC is beginning to wind down relations with a host of Russian banks including the second-largest, VTB, according to a memo seen by Reuters, as financial institutions start to implement restrictions on Russia.
Models of oil barrels and a pump jack are displayed in front of Ukrainian and Russian flag colors in this illustration taken, February 24, 2022.

Oil Settles Higher On Russian Supply Disruption

Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports.

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