Russia’s largest bank, Sberbank, said all of its systems were working properly and that it was prepared for any move, following a Russian-led invasion of Ukraine, in a move that could lead to sanctions against the bank.
Russian forces fired rockets at several Ukrainian cities and landed troops on its shores on Thursday, officials and the media said, following President Putin’s order.
A senior US government official told reporters that Sberbank and the second-largest bank, VTB, would face US sanctions if Moscow invaded Ukraine, warning that no Russian financial institutions were safe.
“We are prepared for any developments and have developed scenarios to ensure that our clients’ funds, assets and interests are protected, and that it remains fully operational,” Sberbank said.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
