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The Latest Breaking News from Sberbank

Russia’s Sberbank pulls out of Europe after facing failure amid sanctions

Bank’s European subsidiaries faced ‘abnormal cash outflows’, so it could no longer supply them with liquidity

The Guardian - UK

Oil price jumps to nearly $114; natural gas prices reach record highs – as it happened

US and European shares push higher, while rouble drops 8% and Moscow stock exchange stays shut for third day, as Russia bombards Ukrainian cities

The Guardian - UK

Live updates: Russian bank exiting Europe amid sanctions

Leading Russian bank Sberbank has announced it is pulling out of European markets amid tightening Western sanctions over Russia’s invasion of Ukraine

The Independent UK

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Withdraw Holyrood’s pension investment from Russian bank, MSPs demand

The Scottish Parliament is being urged to divest pension funds from Russian state-owned investment firm Sberbank.

The Independent UK

Russian central bank hikes rates and closes stock market as rouble crashes; oil and gas soar – as it happened

Commodities including wheat and aluminium surge and European stocks slide as markets respond to wider sanctions on Russia

The Guardian - UK

Moscow braces for rouble to crash at least 25% as new sanctions hit

Russian currency expected to plunge in first day’s trading since Swift ban and ECB says state-owned Sberbank subsidiaries are set to collapse

The Guardian - UK

MSP pension fund has £300,000 investment in sanctioned Russian bank

Politicians across the political divide at Holyrood have called for their fund to longer invest in Sberbank

Daily Record

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Russian banks face exclusion as allies deploy 'financial nuclear weapon'

The United States, Britain and European Union ratcheted up sanctions against Moscow on Saturday as Russia continued its assault against Ukraine, saying they would block access to the SWIFT international payment system.

Reuters

US sanctions on Russia affect defence, tech, finance

The White House unveiled measures to isolate Russia from the global financial, tech and trade system.

Al Jazeera

U.S. hits major Russian banks with sanctions over invasion of Ukraine

The United States on Thursday imposed sanctions on Russia in retaliation for its invasion of Ukraine, targeting its two biggest banks and members of the elite in new measures as Washington warned more action could come.

Reuters

Russia: who is on the sanctions lists – at a glance

List of people and organisations blacklisted by UK, US and EU

The Guardian - UK

Two former European prime ministers quit boards of Russian companies

Finland’s Esko Aho and Italy’s Matteo Renzi step down from Sberbank and Delimobil respectively after invasion of Ukraine

The Guardian - UK

Oil jumps to $105, gas prices surge and global stocks tumble after Ukraine invasion – as it happened

Markets in turmoil: Gas prices jump 45%, Russian stocks crash, rouble falls to record low and Russian bonds sell off as Putin’s tanks roll into Ukraine

The Guardian - UK

Oil prices hit seven-year highs close to $100 after Russia moves troops into Ukraine – as it happened

Germany pulls plug on Nord Stream 2 pipeline, as UK and European shares see-saw and rouble sinks to two-year low

The Guardian - UK

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