EU Country Exposures to Russia--The Rise of France

by Marc Chandler

This Great Graphic was posted on Bruegel in a post by Silvia Merler   Based on BIS data from September, it shows how the EU banks'  $156 bln of exposure to Russia is distributed among the various countries.   French banks alone account for nearly a third ($51 bln).  Italy is second with roughly $28.5 bln exposure and Germany with almost $24 bln.  UK banks have $19 bln of exposure to Russia and Dutch banks have about $17.5 bln.    Of note, and importantly, the Austrian bank exposures are not available for the last few quarters.  BIS data suggests US bank exposure to Russia is about $40 bln.
Merler notes that the BIS data may not be comprehensive and tries to complement with a review of work by EIU and other economists and journalists.  Austrian, French and Italian bank exposures may be greater than the BIS data suggests, in part due to local operations. 

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