Free Trial

Russia's Sberbank Unimpacted by Sanctions

ENERGY SECURITY

Russia’s largest lender, Sberbank released a statement today saying the new sanctions to remove it from using SWIFT would not impact its operations:

  • "We are working as usual despite the new sanctions, the cutoff from SWIFT is not changing the current situation in international settlements. Russian operations do not depend on SWIFT and will be carried out by the bank in standard mode,"
  • The banking sanctions were introduced along with the EU oil ban to try and make it difficult for Russia to trade internationally.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.