Ukraine central bank revokes license of Russia's Sberbank subsidiary -Ifax

Russian central bank gives Sberbank licence to issue, exchange digital assets
Russian central bank gives Sberbank licence to issue, exchange digital assets Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
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KYIV - Ukraine's central bank has revoked the licences and liquidated the units of two state-owned Russian banks, dominant lender Sberbank and development bank VEB, the Interfax news agency reported on Friday.

U.S., EU and British leaders targeted Russian banks with sanctions designed to punish Moscow for sending troops to Ukraine, a move that drew global condemnation and sent the rouble sinking to record lows.

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