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The Latest Breaking News from Sberbank

US targets Putin’s daughters, Russian banks in new sanctions

The U.S. acted against two of Russia’s largest banks, Sberbank and Alfa Bank.

Chicago Sun-Times

Liz Truss announces full asset freeze against Russia’s biggest bank

Eight more oligarchs will also face sanctions and UK oil and coal imports will stop by end of year, says foreign secretary

The Guardian - UK

Biden vows to ‘ratchet up the pain’ on Russia as US imposes new sanctions on Putin’s and Lavrov’s families

A senior Biden administration official says the combined weight of US and EU sanctions has sent Russia into ‘economic and financial and technological isolation’

The Independent UK

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Biden to block new investments in Russia by Americans - Roll Call

An executive order would bar investment by domestic companies in their own facilities in Russia, as well as new mergers or acquisitions.

Roll Call

Lothian Pension Fund reveals investment in Russia's largest bank is now 'worthless'

The public sector scheme still owns shares in sanctioned Russian companies

Insider UK

US Issues Fresh Russia-related Sanctions

The United States on Thursday imposed fresh Russia-related sanctions over its invasion of Ukraine including sanctions against dozens of defense companies, 328 members of the Duma legislative body and the chief executive of Sberbank, the Treasury Department said. Gold-related transactions involving Russia may be sanctionable by US authorities, the Treasury…

Asharq Al-Awsat

U.S. issues fresh Russia-related sanctions - Treasury website

Reuters

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Mitch McConnell says he will not support Ketanji Brown Jackson nomination – as it happened

Senate Republican leader says he will not back Biden’s nominee as Biden meets Nato and G7 leaders in Europe

The Guardian - US

U.S. announces new Russia sanctions over Ukraine invasion

The United States and its allies on Thursday ramped up pressure on Moscow over its invasion of Ukraine, as Washington imposed fresh sanctions on dozens of Russian defense companies, hundreds of members of its parliament and the chief executive of the country's largest bank.

Reuters

Russia sanctions: Who are the latest entities and individuals to be targeted?

A notice from the Treasury said 59 entries were added to the UK’s list on Thursday.

The Independent UK

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Russia's Sberbank, Facing Global Sanctions, Gets Central Bank License To Issue Digital Assets

Major Russian lender Sberbank (OTC: SBRCY) said on Thursday it had received a central bank license to issue and exchange digital financial assets on its platform.

Benzinga

Edinburgh University to 'urgently' sell £1m stake in Russia's largest bank

The capital's oldest university came under fire for its holding in Russian national bank Sberbank but will now instruct fund managers to divest their holding in the heavily sanctioned firm

Edinburgh Live

South Lanarkshire's Labour group pushes for review of pension fund's investment in Russian bank

Over £16m of the pension fund is tied up in the sanction-hit Russian bank and the group want investments to be reviewed

Daily Record

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Tribune News Service

Russian banks turn to China as Visa, Mastercard cut business

Sberbank PJSC said it’s looking at the possibility of issuing cards using Russian payments system Mir and China’s UnionPay after Visa Inc. and Mastercard Inc. suspended operations following the invasion of Ukraine.

Edinburgh Live

Edinburgh University to 'review investments' amid £1m link to Russian bank

The capital's leading higher education institution has invested heavily in sanctioned Russian firm Sberbank and now faces calls to divest from the business amid Vladimir Putin's invasion of Ukraine

The Independent UK

Edinburgh University has more than £1m invested in sanctioned Russian bank

As of January, the university has £1,109,251 worth of Sberbank shares, held via Edinburgh-based fund managers Baillie Gifford.

The Guardian - UK

London Stock Exchange suspends trading in 27 firms with strong links to Russia

Energy and banking companies Gazprom and Sberbank, plus EN+, Lukoil and Polyus among firms

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The Guardian - AU

Australian Retirement Trust joins other super funds in divesting from Russia

The $230bn fund with 2 million members says it instructed investment managers ‘earlier this week’ to sell Russian shares

The Guardian - UK

London Stock Exchange suspends 27 Russian listings; wheat prices soar to 14-year high – as it happened

Stocks drift lower as Institute of Directors says it’s no longer tenable for Brits to hold board roles in Russian companies and Russian airlines are shut out of UK insurance market

The Guardian - AU

Sydney spared worst of rain but Newcastle still under threat – as it happened

This blog is now closed

The Independent UK

Ex-Labour attorney general represented Kremlin-owned Russian bank sanctioned by UK

Exclusive: Labour peer Lord Goldsmith acted for Sberbank in a legal case last year

The Guardian - AU

AustralianSuper’s $300m of Russian investments plunge as sanctions bite

Australia’s biggest super fund yet to decide if it will join investors dumping Russian shares following Ukraine invasion

Evening Standard

£430billion wipeout: Russian stocks crash 98% on London indexes as sanctions bite

UK-listed depositary receipts of Russian companies are evaporating in value as sanctions take effect.

The Guardian - UK

Russia’s Sberbank pulls out of Europe after facing failure amid sanctions

Bank’s European subsidiaries faced ‘abnormal cash outflows’, so it could no longer supply them with liquidity

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