Major Russian bank winds down Swiss business – top official ...News

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Major Russian bank winds down Swiss business – top official
source : Russia Today ( News ) () 23
Operations will be referred to external banking partners, Gazprombank chairman says Gazprombank will cease operations in Switzerland after “a strategic review of various options,” Chairman of the Board of Directors, Ivan Dun, said in a statement on Monday. “The decision is the result of an in-depth strategy analysis and is being taken in close consultation with the Swiss Financial Market Supervisory Authority [FINMA],” he clarified. Gazprombank (Switzerland) was one of the last remaining institutions for financing trade between Russia and Switzerland after other major Russian banks became subject to Western sancti

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