Published by
Reuters UK
Reuters UK
By Carolyn Cohn and Saeed Azhar LONDON (Reuters) – British banking group HSBC, France’s Societe Generale and South Korean lenders are winding down relationships with a host of Russian banks, as they put Western sanctions against Russia into practice. The United States, Britain, Europe and Canada announced new sanctions on Russia on Saturday – including blocking certain banks’ access to the SWIFT international payment system – following Russia’s invasion of Ukraine. An advisory notice from HSBC, seen by Reuters, told staff how they should apply the new global sanctions on Russia. Headed “Action…