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France 24

Business

French bank BNP Paribas halts financial transactions in Russia

BNP Paribas Russia

BUSINESS DAILY © FRANCE 24

The French bank BNP Paribas has told its customers it will no longer process transactions in Russia after the end of March, as it halts all new projects in the country. BNP's Russian business is relatively small – with €1.3 billion of exposure to the market – but the move is symbolic as other lenders consider their position in the country. Also today, we hear from the Ukrainian farmers who are continuing to work the land amid fears for food production due to the war.

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