Swiss Financial Regulatory Agency Extends Sberbank Restrictions Until August
The Swiss Financial Market Supervisory Authority, known as FINMA, will extend its restrictions on the Swiss wing of Russia's largest bank, Sberbank, until August due to "heightened international sanctions and the continuing risks for the bank's liquidity situation," FINMA announced…
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June 1. In March, the financial regulatory agency imposed the restrictions on Sberbank, deferring the bank's obligations for deposits and banning payments and transactions. The restrictions will now carry until Aug. 2, FINMA said.