SocGen severs Russia ties with sale of Rosbank to oligarch Potanin ...Middle East

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SocGen severs Russia ties with sale of Rosbank to oligarch Potanin
source : Devdiscourse ( Middle East ) () 38
French bank Societe Generale said on Monday it would quit Russia and take a 3 billion euros ($3.3 billion) income hit from selling its Rosbank unit to Interros Capital, a firm linked to Russian oligarch Vladimir Potanin. Rosbank will rejoin the business empire of Potanin, the 61-year-old head of mining giant Norilsk Nickel, who has been sanctioned by Canada https://www.international.gc.ca/world-monde/international_relations-relations_internationales/sanctions/russia_regulations-reglement_russie13.aspx?class=eng under western moves against Russia's business and political elite over its invasion of Ukraine.

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