Sponsored Content
Russia's Sberbank with European Headquarters in Vienna under Pressure
Sponsored Content
The Austrian Financial Market Authority (FMA) has announced a moratorium on Sberbank Europe AG, a European subsidiary of the Russian state-owned Sberbank. Read what this means for Sberbank Europe and its customers.
Sberbank Europe AG, headquartered in Vienna. / Picture: © Wikimedia Commons / Sberbank Europe AG [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)]
Alongside the increased sanctions on Russia for its invasion of Ukraine, the Austrian Financial Market Authority (FMA) has announced a moratorium on Sberbank Europe AG, a European subsidiary of the Russian state-owned Sberbank, until the end of the day on March 1, 2022.
During the moratorium period, all payment and delivery obligations of Sberbank Europe AG towards its creditors are suspended.…
or Log In
Sponsored Content
Fast News Search
Sponsored Content