Major Russian bank winds down Swiss business top official
Operations will be referred to external banking partners, Gazprombank chairman says Gazprombank will cease operations in Switzerland after
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Operations will be referred to external banking partners, Gazprombank chairman says Gazprombank will cease operations in Switzerland after
Russian banking group Gazprombank is going to discontinue its operations in Switzerland following a strategic review, TASS reported.
It is noted that the bank also said that existing business relationships, primarily in the area of trade and export finance, will be wound down or referred to external banking partners in the coming months
Russia’s Gazprombank has decided to cease operating in Switzerland after “a strategic review of various options”.
The bank was one of the last remaining channels for trade flows between the two countries as other Russian banks are subject to sanctions