Fate of Oil Fund's Russian investment unknown after European bank branch gives up license
The Oil Fund’s Russian investments have been frozen following the invasion of Ukraine, including one in majority state-owned bank Sberbank, whose European banking division has stopped banking activities.
by MARTIN FUGLSETH KOLDEN, translated by daniel pedersen
On Wednesday, the Norwegian Financial Supervisory Authority reported that the banking business of the European subsidiary of Russian majority state-owned bank Sberbank was winding down.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Norway's oil fund starts to freeze out Russia
For subscribers
