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EU Prepares July Sanctions Amid Russian Bank Crisis Warning

7/6/2026

Summary

Story summary

European intelligence warns Russian banks face a crisis as they bear the war-economy burden.
EU is preparing July sanctions on banks and cryptocurrency networks.
Deputy Governor Filipp Gabunia said vulnerabilities are not critical because cushions are high.
VTB will boost reserves after cash outside banks rose 17% to 19 trillion roubles.
Sberbank CFO Taras Skvortsov said all banks have been under sanctions since 2022 and clients no longer notice them.

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Story summary

European intelligence warns Russian banks face a crisis as they bear the war-economy burden.
EU is preparing July sanctions on banks and cryptocurrency networks.
Deputy Governor Filipp Gabunia said vulnerabilities are not critical because cushions are high.
VTB will boost reserves after cash outside banks rose 17% to 19 trillion roubles.
Sberbank CFO Taras Skvortsov said all banks have been under sanctions since 2022 and clients no longer notice them.