Ukrainian activists have viewed Sberbank as a symbol of Russia's unwelcome presence in the country. Russia’s Sberbank, the largest in the country, on Tuesday announced it had sold its Ukraine division, where operations have been complicated since Moscow’s annexation of Crimea.Sberbank, whose controlling stake is owned by the Russian state, said in a statement Tuesday that it had signed a deal with a “consortium of investors” including Latvia’s Norvik Banka and a Belarusian private company.”The deal is expected to close in the first half of 2017,” the statement said.The bank has faced difficulties since 2014, when Moscow annexed Crimea while …read more
Source: Pulse Nigeria
