The inclusion of controlled companies included in the group of Sberbank on the sanctions list does not change the scope and legal force applicable to the savings Bank restrictions, stated in the press service of the largest Russian Bank.
MOSCOW, 23 Dec. The extension of U.S. sanctions on the subsidiary of Sberbank does not change the scope and legal force applicable to the savings Bank sanctions, said the press service of the largest Russian Bank.
On Tuesday, the US extended sanctions list against Russia, including a number of subsidiaries of Sberbank and VTB. In the list of sectoral sanctions have been added a number of foreign subsidiaries of VTB and Sberbank. In addition, it included VTB 24, “VTB Insurance”, VTB-leasing, as well as “Sberbank-Capital”, “Sberbank capital”, “Sberbank insurance”, and Sberbank investments “Sberbank-leasing”.
“Existing since September 2014 sectoral sanctions to Sberbank at the same time apply to controlled Sberbank with a share of the company’s direct and indirect ownership of 50 percent or more,” said Sberbank.
“The inclusion of controlled companies included in the group of Sberbank on the sanctions list does not change the scope and legal force applicable to the savings Bank sanctions”, — said the press service of the Bank.
