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Russia’s Sberbank is leaving Europe

Among the reasons - threats to employees.

Russia’s Sberbank is leaving Europe

Sonya Koshkina, editor-in-chief

 Russia’s Sberbank is leaving European market. This was reported by the PR service of the structure and Russian "Interfax".

According to the report, "the bank's subsidiaries in Europe have faced an abnormal outflow of funds and threats to employees."

Considering this, company can not sustain liquidity in European subsidiaries.

It is known that the broad sanctions package applied by the countries gainst Russia after its attack on Ukraine includes, in particular, British sanctions against Russia's Sberbank.

So, on Monday, 28th of February, the head of the British Foreign Office Liz Trass presented to parliament two new bills, one of which is aimed at new restrictions on the financial sector of the Russian Federation.

In particular, it prohibits clearing settlements in pounds sterling. Earlier, the UK has already frozen the assets of Russia's VTB, Sovcombank, Vnesheconombank.

Also in response to a request from the European Central Bank, Austria banned commercial activities of Sberbank Europe AG (subsidiary of Sberbank).

As already known, the day before Apple stopped selling iPhones and other products in Russia after its invasion of Ukraine. ( In addition, according to the business publication Bloomberg (, Russia has become a country unsuitable for investment. (

By Sonya Koshkina, editor-in-chief

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