The Swiss Financial Market Supervisory Authority is temporarily lifting some restrictions for the sanctioned Russian bank’s Swiss Subsidiary, ahead of its possible sale.
Switzerland's finance watchdog said Friday it would partly lift restrictions on the Swiss arm of Russia's largest bank to allow it to settle its debts with creditors not under Western sanctions imposed because of the invasion of Ukraine.
Switzerland's finance watchdog said Wednesday that it will extend the suspension of Sberbank's Swiss arm until August because of continuing liquidity risks and greater Western sanctions on the bank, dealing yet another blow to Russia's largest lender.