Economy56 minutes ago (Feb 28, 2022 08:22)
© Reuters. FILE PHOTO: A view shows the logo of Sber (Sberbank) at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, June 5, 2021. REUTERS/Evgenia Novozhenina/File Photo
MOSCOW (Reuters) – Russia’s dominant lender Sberbank on Monday said it had opened an additional reserve line for its subsidiary banks in Belarus and Kazakhstan, as it grapples with sanctions and the fallout from Russia’s invasion of Ukraine.
Sberbank said it would support its subsidiaries in Belarus and Kazakhstan.
Sberbank opens additional reserve line for units in Belarus, Kazakhstan
By Carolyn Cohn and Saeed Azhar LONDON (Reuters) – British bank HSBC is beginning to wind down relations with a host of Russian banks including the second-largest, VTB, according…
LONDON (Reuters) – Euro zone money markets further scaled back expectations for rate hikes from the European Central Bank on Monday as the West ramped up sanctions against Russia,…
(Reuters) -The Russian central bank raised its key interest rate to 20% from 9.5% on Monday in an emergency move, and authorities told export-focused companies to be ready to sell…
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