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Russia’s biggest bank Sberbank says it is operating normally, studying sanctions -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO : This view depicts the Sber (Sberbank logo) at St. Petersburg International Economic Forum in Saint Petersburg, Russia on June 5, 2021. REUTERS/Evgenia Novozhenina

MOSCOW (Reuters), – Russia’s largest bank Sberbank stated on Friday that it is operating as normal but is studying the consequences of sanctions imposed by Russia after its invasion of Ukraine.

According to the bank’s statement, all systems work as they normally do and no restrictions are placed on foreign currency withdrawals or deposits.

According to the U.S. Treasury, U.S. banks are required to cut their correspondence banking links with Sberbank by Thursday. Britain has also announced that it will place asset freezes at all Russian banks.

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