UK imposes sanctions against Sberbank

London ordered to close the correspondent accounts of Sberbank and forbade it to carry out clearing operations in pounds. The bank said

The UK Treasury placed Sberbank on the sanctions list (.pdf) because of the Russian military operation in Ukraine. The restrictions imposed by the bank include the closure of correspondent accounts of Sberbank in British banks and a ban on clearing operations in pounds sterling. They do not include an asset freeze, the document notes.

The British Treasury alleges that Sberbank is "involved in benefiting from the Russian government", which owns a controlling stake in the bank.

In a message from Sberbank, received by RBC, it is said that the financial institution will study the restrictions adopted by the UK as documents are made public. “These measures will not have a significant impact on Russian customers from the retail and corporate segments,” they promised.

The ECB warned about the bankruptcy of the "daughters" of Sberbank in the EU Finance

On February 24, the United States imposed sanctions against Sberbank . Washington has listed him on the CAPTA list, which implies restrictions on correspondent accounts in the United States. Until March 26, all American financial institutions must close any correspondent accounts of Sberbank and begin to reject any transactions involving the bank or its subsidiaries. American banks will not freeze Sberbank funds.