Kommersant learned about Sberbank's plan to curtail the development of "smart"

devices They cited international sanctions as the reason..Sberbank denies this information

Interest in the acquisition of Sberbank's subsidiary SberDevices (develops TV set-top boxes, smart speakers, TVs, light bulbs, sockets) is shown by Russian telecommunications and it companies, and Sber plans to focus on the development of its core business, unnamed sources told Kommersant .

“The bank will formally withdraw from everything non-core, so the development of the range of smart and other consumer devices is curtailing,” one of the interlocutors of the publication said.

Sberbank renamed SberDevices to SalyutDevices, according to SPARK system data. Sources of the newspaper attribute this decision to the restriction of the company's work in the context of international sanctions. According to them, SberDevices has lost the opportunity to "purchase foreign IT solutions in the required volume." In this regard, “employees are already starting to leave the company,” notes one of the interlocutors of the publication.

Sberbank, however, named SberDevices and SberTech as key areas in which investments continue. The press service of the bank emphasized that it is only about renaming the legal entity, and this is due to "expanding the strategy of the product portfolio of the Salyut voice assistant through b2b solutions."

The possible exit of Sberbank from non-core assets may be associated not only with sanctions, but also with the optimization of investments, said Denis Kuskov, HEAD of TelecomDaily. He pointed out that the banking sector is still considered the company's key business area, in connection with which, in the current conditions, Sber "decided to focus on the main and most profitable segment - fintech."

Vedomosti learned about the launch of an analogue of TIKTOK by the subsidiary of Sberbank Business

In late February and early March, the US and UK authorities imposed sanctions against Sberbank. Washington has put it on the CAPTA list: this implies restrictions on correspondent accounts in the United States, all American financial institutions are required to reject any transactions involving Sberbank or its subsidiaries. The bank then called the work of all systems regular. In April, the United States imposed blocking sanctions against Sberbank, and it was included in the SDN list. Sberbank has been disconnected from SWIFT since June.

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Sberbank's "smart" gadgets used the Tuya cloud service, which blocked all its new connections in the spring, there was a failure. After that, SberDevices announced its intention to create an infrastructure independent of foreign services for its smart home platform.

See also Western reaction to Russian sanctions 04:59