You Searched For "sberbank" and got 20 results
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1 min read
EU is expected to approve a Russian oil embargo in a bid to halt the Ukraine war, a report says
EU ambassadors are expected to meet on Wednesday to finalize the proposal, weeks after EU countries…
Sam Tabahriti
2 mins read
Russian stocks drop 4% on 2nd day of reopened trading in Moscow, as restrictions fail to hold back selling
Russia's strict rules on stock trading couldn't prevent major falls in the country's biggest compan…
Harry Robertson
2 mins read
Russia's biggest bank Sberbank gets permission to exchange crypto, as sanctions hobble transfers of dollars
A day after the license was given, Sberbank said sanctions had restricted foreign currency transfer…
Hamza Fareed Malik
2 mins read
London scraps trading in Russian shares following 99% drops, as Moscow closes stock exchange for a 4th day
Russian stocks are currently "uninvestable" as a result of the Ukraine conflict and sanctions, acco…
Harry Robertson
2 mins read
Russia's largest banks just hiked savings rates as high as 21% to encourage Russians not to withdraw cash
The rate hikes from Sberbank and VTB, reported by state media, come after Russians were pictured fo…
Grace Dean
2 mins read
Shares in Russia's biggest lender Sberbank crater after it quits Europe, blaming huge outflows of cash
The move came after the Austrian financial regulator said it had told Sberbank Europe to stop opera…
Adam Morgan McCarthy
2 mins read
Russia's biggest bank plunges 95% to trade at a penny as companies' shares collapse on Ukraine conflict
Russian energy companies Gazprom and Novatek both fell as much as 97% on the London market, while L…
Harry Robertson
3 mins read
The Big 4 accounting firms are leaving Russia. PwC's Russian clients reportedly include Sberbank, Gazprom, and Russia's central bank.
PwC and KPMG made the decision on Sunday, while EY followed the next day. Deloitte also announced i…
Grace Dean
1 min read
Russia's largest bank says it has no problems transacting with India
Sanctioned Sberbank has managed to pivot to processing transactions in rubles and rupees.
Huileng Tan
2 mins read
Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze
Russian banks are urging Russia's central bank to increase yuan liquidity through swaps. The centra…
Huileng Tan
1 min read
Russian banks say they're run out of yuan as Chinese firms pull away from the nation
Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with C…
Jennifer Sor
2 mins read
The boss of Russia's biggest bank said the country's economy is 'definitely and strongly overheated'
Russia's economy is driven by wartime activities, government subsidies that steady the economy, and…
Huileng Tan
2 mins read
The Chinese yuan has helped fund Russia's trade and war machine — but those days may be numbered
Russia is looking into alternative payments infrastructure — which a top Russian banker said should…
Huileng Tan
1 min read
Russia shuts down dollar and euro trading after sweeping US sanctions take aim at Moscow's financial lifelines
Russians were lining up at one lender that was still offering dollars after trade was restricted fo…
Filip De Mott
2 mins read
A key Russian CEO just highlighted the clash between stabilizing the economy and growing business in wartime
The country's top central banker, Elvira Nabiullina, has hiked interest rates up to 16% to tame inf…
Huileng Tan
4 mins read
Ukraine's IT army is a 'world first' in cyberwarfare but it's a major gamble for the government, experts say
Ukraine's IT army says it has launched thousands of attacks on Russian organizations since Russia l…
Cameron Manley
2 mins read
Putin could struggle to end the war in Ukraine because it's making some poor Russians richer
Russia's production in war-related industries rose 60% from the fall of 2022 to the spring of 2024.…
Huileng Tan
2 mins read
The CEO of Russia's biggest bank says the ruble is 'unjustifiably undervalued,' despite Putin downplaying the currency's weakness
Herman Gref, Sberbank's CEO said the Russian currency should be trading at 80 to 85 rubles to the U…
Huileng Tan
1 min read
Goldman Sachs wrestles with sanctions fallout as Moscow court freezes $36 million of the bank's assets
The Wall Street bank's shares in Russian companies including Gazprom and Sberbank were temporarily …
Zahra Tayeb
1 min read
Goldman Sachs wrestles with sanctions fallout as Moscow court freezes $36 million of the bank's assets
The Wall Street bank's shares in Russian companies including Gazprom and Sberbank were temporarily …