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.
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.
