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Russia’s top bank Sberbank said on Friday it had launched a legal challenge in a European Union court over Western sanctions imposed on the bank over the Ukraine crisis.
The EU imposed sanctions on Sberbank over the summer, restricting its access to international capital, in a move linked to Russia’s role in the separatist conflict in Ukraine.
The state-controlled bank is an important lender to Russia’s $2 trillion economy but is grappling with …read more
Source: New Europe
