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France’s biggest listed bank,said it would reduce Ukraine staff by 1,600 by 2015 as part of a restructuring of its local unit in the face of a tough economic environment.International banks exposed to Eastern Europe have been in the spotlight since Moscow formally annexed Ukraine’s Crimea last week,triggering U.S. and European Union visa bans and asset freezes against a group of Russians and Ukrainians. According to Bank for International Settlements data, French lenders have the overall biggest exposure to Russia.

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