--The European Central Bank has told lenders with significant exposure to Russia to prepare for Moscow to be hit by international sanctions if it invades Ukraine, the FT reports, citing unnamed sources.

--International banks with large exposure in Russia include Citigroup, France's Societe Generale, Austria's Raiffeisen and Italy's UniCredit.

--The U.S. and EU are close to agreeing on sanctions aimed at hurting Russian banks in the event of an invasion of Ukraine.

Full story: https://on.ft.com/3r4pC2B

Write to Cristina Roca at cristina.roca@wsj.com

(END) Dow Jones Newswires

January 27, 2022 03:16 ET (08:16 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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