Deutsche Bank CEO says hold off on more Russia sanctions – FAS

FRANKFURT (Reuters) – Deutsche Bank’s Chief Executive Christian Sewing urged governments to hold off on further Russia sanctions for the time being, according to an interview in a German newspaper published on Saturday.

“We should allow the announced sanctions to first sink in,” he told the Welt am Sonntag newspaper.

Sewing is also head of Germany’s top banking lobby.

The sanctions “are doing enormous damage to the Russian economy,” Sewing said.

“But the sanctions also have a negative effect on us, and we have to get through it,” he added.

(Reporting by Tom Sims; editing by Jonathan Oatis)