Bank of Russia-owned Sberbank hit with EU sanctions
EU list of sanctioned state-owned banks includes central bank-owned Sberbank
The European Union yesterday controversially included Russia's biggest bank, majority-owned by the central bank, on its list of state-owned financial institutions subject to sanctions over Russia's "illegal annexation of territory and deliberate destabilisation" of Ukraine.
The measures limit access to EU capital markets for Russian state-owned financial institutions and suspend any further funding to Russia by the European Investment Bank and the European Bank for Reconstruction and Development
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