Russia's Sberbank with European Headquarters in Vienna under Pressure

People › Executives ♦ Published: February 28, 2022; 22:58 ♦ (Vindobona)

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.

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.…

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