Showing results for "Sberbank"
crypto
Crypto Transfers to Russian Exchange Worth $20 Billion Probed by US, UKThe US and UK are reviewing more than $20 billion of cryptocurrency transactions that passed through a Russia-based virtual exchange, according to people familiar with the matter, as part of allied efforts to crack down on the sanctions evasion that’s supporting Vladimir Putin’s war in Ukraine.March 28, 2024
markets
Raiffeisen’s Russian Deal Leads to an Executive Who Worked for Sanctioned TycoonRaiffeisen Bank International AG says it may finally have a way to move some of its assets out of Russia. What it hasn’t explained is why the complex, €1.5 billion ($1.7 billion) string of transactions ends up with an executive who has a long history working for companies of a now-sanctioned tycoon.December 24, 2023
markets
Western Banks in Russia Shrink to Cold-War Levels as China RisesWestern banks’ exposure to Russia is falling toward levels last seen before the collapse of the Soviet Union, as sanctions crimp business and they lose ground to Chinese lenders benefiting from a surge in the share of yuan-denominated trade.December 15, 2023