: :inin Kyiv (EET)

Russia`s Sberbank looking at quick exit from Ukraine

Russia`s biggest bank Sberbank is looking ”very actively” at options for a quick exit from Ukraine, the bank`s Chief Executive German Gref said on Tuesday, March 21, Reuters reported.

Gref also told reporters that Sberbank`s loan-loss provisions in Ukraine made up around 70 percent of its potential losses, according to Reuters.

Ukraine recently decided to impose more sanctions on Sberbank and other Russian state-owned banks operating in Ukraine – part of a broader flare-up in tensions linked to separatist regions of eastern Ukraine which are backed by Russia. 


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