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It's official: Russia’s Sberbank plans to exit Ukrainian market
Journal Staff Report

KIEV, April 10 – Russia's Sberbank has officially announced it will leave the Ukrainian market.

The corresponding statement has been posted on the website of the Ukrainian subsidiary of Sberbank.

"Long-term negative trends in the economic life of Ukraine created prerequisites for Sberbank's making the decision to leave the Ukrainian market. The events of the last month - the introduction of sanctions by the NSDC, as well as aggressive and persistent actions by the National Corps party - intensified negotiations with the buyer of Sberbank's assets in Ukraine. Sberbank openly declares its readiness to leave the Ukrainian market correctly, while at the same time protecting the interests of Ukrainian clients and employees as much as possible," the report says.




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