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VTB Bank and Sberbank shrug off impact of latest US sanctions
Journal Staff Report

KIEV, Dec. 23 Placing VTB Bank (Ukraine) and Sberbank (Ukraine) on the list of organizations hit by the U.S. sectoral sanctions would not affect the operation of these banks, the banks have said.

"Placing and public joint-stock company Sberbank on the sanction list does not affect the conditions of operation of the institution. Sberbank is operating normally and has required resources, management experience and expertise to continue successful operation, fulfill all its liabilities to clients and partners and observe the requirements of national and international laws. The bank has stable liquidity and a long-term development strategy in Ukraine," the press service of Sberbank reported.




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