Austria's government is monitoring the global banking turmoil although there are so far no signs of it spreading to the country's financial sector, Finance Minister Magnus Brunner said in an interview published on Saturday.
"As for RBI, the bank complies with all international sanctions," Brunner told NZZ. "It is also not subject to sanctions itself," he added.
"Incidentally, there are other European banks that continue to operate legally in Russia. It is crucial for us that all sanctions are observed," he said. The minister also said Austrian inflation, which fell to an estimated 9.2% in March, was still too high and called on the European Central Bank to do more to contain price increases.
"The European Central Bank in particular can do something about this, as a member of the euro zone we are dependent on the ECB," Brunner said.
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