The Latest Breaking News from Sberbank

The public sector scheme still owns shares in sanctioned Russian companies

The United States on Thursday imposed fresh Russia-related sanctions over its invasion of Ukraine including sanctions against dozens of defense companies, 328 members of the Duma legislative body and the chief executive of Sberbank, the Treasury Department said. Gold-related transactions involving Russia may be sanctionable by US authorities, the Treasury…

Rolling coverage of the latest economic and financial news

Major Russian lender Sberbank (OTC: SBRCY) said on Thursday it had received a central bank license to issue and exchange digital financial assets on its platform.

The capital's oldest university came under fire for its holding in Russian national bank Sberbank but will now instruct fund managers to divest their holding in the heavily sanctioned firm

Over £16m of the pension fund is tied up in the sanction-hit Russian bank and the group want investments to be reviewed

Sberbank PJSC said it’s looking at the possibility of issuing cards using Russian payments system Mir and China’s UnionPay after Visa Inc. and Mastercard Inc. suspended operations following the invasion of Ukraine.

The capital's leading higher education institution has invested heavily in sanctioned Russian firm Sberbank and now faces calls to divest from the business amid Vladimir Putin's invasion of Ukraine

As of January, the university has £1,109,251 worth of Sberbank shares, held via Edinburgh-based fund managers Baillie Gifford.