Russia’s Sberbank is leaving the European market
Russia’s Sberbank is leaving the European market. The bank itself explains this decision by the fact that its “daughters” in Europe faced an abnormal outflow of funds, and employees were “threatened” by their safety,
Ukraine , Ukraingate , 2 , March , 2022 | Economy
Quote
“The group’s subsidiaries faced an abnormal cash outflow and a threat to the security of employees and branches,” the bank said in a statement.
Before
Russian banks have come under tough Western sanctions over Russia’s invasion of Ukraine.
The banks of the aggressor state will no longer operate in Ukraine.
Source: Ukrgate
