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Austria-based Russian bank declared insolvent due to sanctions

March 2, 2022
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Austria-based Russian bank declared insolvent due to sanctions
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The Austria-based European subsidiary of Russia’s Sberbank will be wound up after coming under pressure from Western sanctions levelled against the bank in response to Moscow’s invasion of Ukraine, European banking regulators said Tuesday.

Tags: AustriabasedBankdeclareddueinsolventRussiansanctions

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