"Sberbank" reduces the investment business in Cyprus and transfers some of the transactions to Moscow, Zurich and London. The decision will allow the bank to exempt capital for the British and Swiss departments, 1Prime.ru reports.

"Sberbank" optimizes its presence in Europe in the light of the US and EU sanctions, which has resulted in a reduction in the ability to earn money abroad.

Probably, all major Russian banks will have to follow the Sberbank's step taking into account the very aggressive and unstable political situation in the EU.

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