The “Big Five” Canadian banks include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Are there other viable options?
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Lawmakers say Russia is ignoring threats of more western sanctions, urge tougher US stance
– canadianbusiness.com
WASHINGTON – Two members of the Senate Foreign Relations Committee called Sunday for beefing up western sanctions against Russia to include its petrochemical and banking industries and warned that Moscow thus far has ignored United States and European efforts to persuade it to back off its confrontation with Ukraine.
“We’ve helped in many ways to create the problems that exist there. And to leave them alone in the manner that we’re leaving them alone to me is just unconscionable,” Sen. Bob Corker of Tennessee, the committee’s senior Republican member, said on NBC’s “Meet the Press.”
“I don’t think Putin really believes we’re going to punish them in that way,” he said.
Sen. Chris Murphy, D-Conn., a member of the same committee, said, “I think the time is now to rapidly ratchet up our sanctions, whether it’s on Russian petrochemical companies or on Russian banks.”
“If Russia does get away with this, I do think that there’s a potential that a NATO ally is next…
“We’ve helped in many ways to create the problems that exist there. And to leave them alone in the manner that we’re leaving them alone to me is just unconscionable,” Sen. Bob Corker of Tennessee, the committee’s senior Republican member, said on NBC’s “Meet the Press.”
“I don’t think Putin really believes we’re going to punish them in that way,” he said.
Sen. Chris Murphy, D-Conn., a member of the same committee, said, “I think the time is now to rapidly ratchet up our sanctions, whether it’s on Russian petrochemical companies or on Russian banks.”
“If Russia does get away with this, I do think that there’s a potential that a NATO ally is next…
