Russia’s two largest banks to open in annexed regions of Ukraine by July

LONDON, June 4 (Reuters) – Russia’s two largest banks expect to open branches and offices in July in the regions of Ukraine that Moscow claimed to have annexed in 2022, the heads of Sberbank (SBER.MM), opens new tab and VTB (VTBR.MM), opens new tab said on Tuesday.

Russian President Vladimir Putin moved to annex Ukraine’s Donetsk, Luhansk, Kherson and Zaporizhzhia regions in September 2022, following what Ukraine said were sham referendums. The move was condemned by many countries as illegal.

Source: REUTER