European subsidiary of Russia’s Sberbank to enter bankruptcy

March 02, 2022 7:42 AM

FRANKFURT (AFP) – The European subsidiary of Russia’s Sberbank will be wound up after coming under pressure from Western sanctions levelled against the bank in response to Moscow’s invasion of Ukraine, European banking regulators said Tuesday.

Source : https://www.straitstimes.com/business/banking/european-subsidiary-of-russias-sberbank-to-enter-bankruptcy