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Sberbank: Sanctions restrict certain foreign exchange transfers to Russia and abroad

Russia's largest lender, Sberbank, said on Friday that sanctions on its operations meant that its customers would not be able to transfer funds in certain foreign currencies to accounts at other banks, both in Russia and...

Reuters: HSBC instructs staff to start closing transactions with VTB Bank

The British bank HSBC is starting to end its relations with a number of Russian banks, including the second largest, VTB, according to a document held by Reuters. The United States, Britain, Europe and Canada announced new...

VTB Bank: Profits increased for 2021

VTB Bank announced that net profits and total assets for 2021 have increased. The Russian bank said net profit stood at 242.6 billion rubles ($ 3.18 billion) and that net interest income rose 24 percent year on...