Category: Sberbank

New EU Sanctions on Russia to Target Sberbank, Commission Head Tells Paper

April 18, 2022
bankBusiness & Economyeconomic policieseconomyEUEuropeMarketsOilRussiaRussia-Ukraine WarsanctionsSberbankUrsula von der LeyenWorld
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The European Union’s forthcoming sanctions on Russia will target banks, in particular, Sberbank, as well as oil, the head of the European Commission Ursula von der Leyen, told a German newspaper. Bild am Sonntag, in an interview published on Sunday, asked her to name the key points of a planned sixth round of sanctions. “We…

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Russia’s Sberbank Says Sanctions Limiting Some Forex Transfers in Russia and Abroad

March 19, 2022
Business & Economyeconomic policieseconomyEuropeForexInternationalLimitMarketsRussiaRussia-Ukraine WarsanctionsSberbanktransferWorld
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Russia’s largest lender Sberbank on Friday said sanctions on its operations meant its customers would be unable to transfer funds in certain foreign currencies to accounts at other banks, both in Russia and abroad. Unprecedented Western sanctions have hit the heart of Russia’s financial system over events in Ukraine and Sberbank was among the companies…

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Defying Sanctions, Russia’s Sberbank Adds Smart TVs to Technology Offering

March 16, 2022
Business & EconomyCompanieseconomic policieseconomyEuropeMarketsRussiaRussia-Ukraine WarSberbankWorld
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Russia’s top lender Sberbank, with its international operations heavily compromised by Western sanctions against Moscow over events in Ukraine, on Tuesday unveiled a range of smart TVs, the latest addition to its technology arsenal. Sberbank has been developing its non-financial businesses, such as e-commerce, technology, and cloud services, in an attempt to combat shrinking margins,…

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Top Russian Lender Sberbank Ready for Anything as Sanctions Loom

February 24, 2022
Business & EconomyCompanieseconomyEuropeInternationalMarketsRussiansanctionsSberbankstocksWorld
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MOSCOW—Russia’s largest lender Sberbank said on Thursday that it was prepared for any developments as the threat of sanctions grew after Russian forces attacked Ukraine, sending shares in Russian banks crashing. Russian forces invaded Ukraine by land, air, and sea on Thursday, confirming the worst fears of the West with the biggest attack by one…

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Sberbank, VTB Shares Rebound as Russia’s Top Banks Escape UK Sanctions

February 22, 2022
Business & EconomyCompanieseconomyEuropeInternationalMarketsRussiasanctionsSberbankstocksUKUkraineVTBWorld
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MOSCOW—Shares in Russia’s two largest lenders, Sberbank and VTB, reversed early losses to trade higher on Tuesday after the state-controlled groups escaped British sanctions on Russian banks. British sanctions targeted Bank Rossiya, Black Sea Bank, Genbank, IS Bank, and Promsvyazbank—smaller lenders of which only the latter is on the Russian central bank’s list of systemically…

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