The U.S. Export-Import Bank is closing for business in Russia.
The news, first reported by RealClearPolitics, comes nearly three weeks after Russian tanks started rolling across Ukraine and after the Biden administration loosed withering financial sanctions against Moscow in retaliation for the invasion. And while a spokesperson for Ex-Im did not give an exact date, the official did tell RCP that the close of business will occur “shortly.”
“Ex-Im’s board will be voting to take the additional step of formally closing in Russia,” they said in a written statement to RCP, “as a strong, clear…
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US Export-Import Bank To Follow Biden’s Lead, ‘Formally Close’ in Russia
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