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Russia's Sberbank to open offices in Russian-controlled Ukrainian regions this month


Published on 2024-12-06 04:00:49 - Reuters
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  • Russia's largest lender Sberbank plans to open offices in Russian-controlled parts of the Ukrainian regions of Kherson and Zaporizhzhia this month, Alexander Vedyakhin, first deputy chairman of Sberbank's board,

Sberbank, Russia's largest lender, plans to open branches in the Russian-controlled Ukrainian regions of Donetsk, Luhansk, Kherson, and Zaporizhzhia by the end of December 2024. This move is part of a broader strategy to expand its presence in these annexed territories, which Russia claims to have annexed following referendums in 2022 that were widely criticized internationally as illegitimate. The bank aims to provide financial services to residents, including loans, mortgages, and banking facilities, amidst ongoing geopolitical tensions and sanctions. The expansion reflects Russia's efforts to integrate these regions economically and administratively, despite the lack of international recognition of their annexation.

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