Russia's Sberbank not afraid of asset freezing as UK announces new sanctions
Britain will lock Sberbank out of sterling clearing and slap sanctions on three other banks, Foreign Secretary Liz Truss said on Monday
- Mar 1, 2022,
- Updated Mar 1, 2022 2:41 PM IST
Russia's dominant lender Sberbank on Tuesday said its Russian retail and corporate customers would not be significantly affected by new UK sanctions and would examine the restrictions imposed when documents are made public.
Britain will lock Sberbank out of sterling clearing and slap sanctions on three other banks, Foreign Secretary Liz Truss said on Monday, adding there would be a full asset freeze on Russian lenders within days.
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Russia's dominant lender Sberbank on Tuesday said its Russian retail and corporate customers would not be significantly affected by new UK sanctions and would examine the restrictions imposed when documents are made public.
Britain will lock Sberbank out of sterling clearing and slap sanctions on three other banks, Foreign Secretary Liz Truss said on Monday, adding there would be a full asset freeze on Russian lenders within days.
Also Read: GST revenue collection for Feb at Rs 1.33 lakh cr; up 18% on-year
Also Read: Ukraine invasion: Indian Embassy advises students to leave Kyiv urgently