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Sberbank Europe AG

A food delivery man leaves an exchange office with screen showing the currency exchange rates of US dollar and euro to Russian rubles in Moscow, Russia, Feb. 24, 2022. (Alexander Zemlianichenko Jr/AP)
February 28, 2022, 11:25 am
Ruble tumbles, European branch of Russian bank predicted to fail as sanctions bite
Russian central bank moves to stem plunge in currency; Moscow forex exchange to open late amid turmoil; Austria’s Financial Market Authority imposes moratorium on Sberbank Europe
By Agencies and TOI staff
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