“Sberbank of Russia” is looking for a quick escape from the Ukraine
The largest state Bank of RF Sberbank is actively seeking options for a quick withdrawal from the Ukrainian market, where authorities imposed sanctions complicated the work of the subsidiary Bank.
About this informed the head of Sberbank German Gref, reports Reuters.
“Today we are engaged in the search options the fastest possible exit from the Ukrainian market, and we hope this opportunity will provide the Ukrainian government. We are now in a very active stage of consideration of such options”, — said Gref, refusing to provide journalists with details.
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“The situation is quite complicated for us because the combination of such lawless actions against us in a number of cities with the connivance of local authorities is combined with such a discriminatory decision, all this creates pressure and difficulties for our work in Ukraine”, — said Gref.
According to him, Sberbank on Tuesday, March 21, introduced limits on its operations in Ukraine.
To date, the reserves of the savings Bank “in Ukraine” constitute approximately 70% of the potential losses, as reported by Gref.
“The losses depend on the variants of development of events”, he added.
Gref refused to comment on the information that the Bank intends to apply to the international court in connection with the actions of the Ukrainian regulators.
“If we were allowed more or less to get rid of the problems… we would, of course, very quickly able to restore the normal operation of the Bank,” said Gref.
We will remind, on March 10 during a meeting of the Cabinet the Minister of internal Affairs Arsen Avakov suggested that sanctions against the Russian “Sberbank”. This proposal was supported by Prime Minister Vladimir Groisman.
Such actions against Russian financial institutions connected with the fact that in the Russian Federation “Sberbank” started to serve customers that as identity cards, use paper issued by the terrorists of “LNR” and “DNR” under the guise of “passports”.
President Petro Poroshenko enacted the decision of national security Council and defense of Ukraine of March 15, 2017 “On the use of personal special economic and other restrictive measures (sanctions)” in respect of Russian banks.
They will be introduced one year for public joint-stock company “the savings Bank, PJSC “Vs Bank”, PJSC “joint-stock commercial industrial-investment Bank”, PJSC “VTB BANK”, PJSC “BM BANK”.
Penalties apply to prevent withdrawal of capital abroad. In particular, it is prohibited any operation in favor of the parent banks, as interbank loans, deposits, subordinated debt, placement of accounts on correspondent accounts, etc. Also introduced a ban on the payment of dividends, interest.
“Sberbank” is called the decision discriminatory and politically motivated.