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    Russian Sberbank Branch to Safeguard Interests of Ukrainians Despite Sanctions

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    Sanctions imposed by Kiev authorities on the Ukrainian subsidiary of Russia's largest state bank Sberbank will not affect the legitimate interests of Ukrainian customers, the subsidiary said in a statement posted on its website on Thursday.

    MOSCOW (Sputnik) — Ukrainian President Petro Poroshenko approved earlier on Thursday the National Security and Defense Council of Ukraine's proposal to impose one-year sanctions on subsidiaries of five Russian state banks, including Sberbank.

    "The sanctions will not impact the legitimate interests of Sberbank clients [in Ukraine]. Sberbank has all necessary resources and management expertise to continue stable work," the statement said.

    According to the document, the bank has a clientele of over a million Ukrainian citizens and  thousands of local businesses.


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