Business Standard

Russia's top lender says it's ready for anything after Ukraine invasion

A senior U.S. administration official told reporters on Tuesday that Sberbank and No. 2 lender VTB would face U.S. sanctions.

Ukraine, Ukraine Crisis, Russia
Premium

Russia held military drills and deployed forces to Belarus as officials prepare to sit for four-way talks with France, Germany and Ukraine in Paris

Reuters Moscow
Russia's largest lender Sberbank said on Thursday that all of its systems were working normally and that it was prepared for any developments after Russian forces attacked Ukraine, a move that could trigger sanctions on the bank.

Russian forces fired missiles at several cities in Ukraine and landed troops on its coast on Thursday, officials and media said, after President Vladimir Putin authorised what he called a special military operation in the east.

A senior U.S. administration official told reporters on Tuesday that Sberbank and No. 2 lender VTB would face U.S. sanctions if Moscow proceeded with its invasion of Ukraine, warning

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 24 2022 | 12:50 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com