Financial Services Financial Services

UK financial sector shielded from impact of Russia sanctions, says BOE’s Woods

The impact on the UK financial services sector from the multitude of sanctions placed on Russia is limited, Bank of England Deputy Governor Sam Woods said today.

It has been “quite a scramble” to cut off significant parts of the Russian financial system from the UK financial system following government sancti

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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