Deutsche Bank Says it’s Supporting Clients’ Russian Activities

“We support the decisions of the German government and its allies and will promptly and fully implement the sanctions and other measures imposed,” Deutsche Bank says in statement published on website.

• Bank continues “to support our clients globally, including with respect to their Russia and Russia-related activities” within sanctions framework
• Most of company’s clients “with Russian operations or requirements are European or multinational corporates who are currently adapting their business activities in the country”
• Bank is monitoring events and could change its stance if “appropriate”
• NOTE earlier Friday: Europe’s Banks See Recovery in Tatters After Blow from Sanctions

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