{"id":4324,"date":"2022-03-03T02:33:00","date_gmt":"2022-03-03T02:33:00","guid":{"rendered":"https:\/\/www.asadkarim.co.uk\/?p=4324"},"modified":"2022-03-02T22:36:06","modified_gmt":"2022-03-02T22:36:06","slug":"decline-in-value-of-russian-assets-sberbank","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=4324","title":{"rendered":"Decline in value of Russian assets: Sberbank"},"content":{"rendered":"\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Sberbank\">Sberbank &#8211; Wikipedia<\/a><\/p>\n\n\n\n<p>The graph below paints the story.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2022\/03\/Chart_SBERBANK-ADR-EACH-REPR-4.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"304\" src=\"https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2022\/03\/Chart_SBERBANK-ADR-EACH-REPR-4-1024x304.png\" alt=\"\" class=\"wp-image-4325\" srcset=\"https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2022\/03\/Chart_SBERBANK-ADR-EACH-REPR-4-1024x304.png 1024w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2022\/03\/Chart_SBERBANK-ADR-EACH-REPR-4-300x89.png 300w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2022\/03\/Chart_SBERBANK-ADR-EACH-REPR-4-768x228.png 768w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2022\/03\/Chart_SBERBANK-ADR-EACH-REPR-4-1536x457.png 1536w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2022\/03\/Chart_SBERBANK-ADR-EACH-REPR-4-2048x609.png 2048w, https:\/\/www.asadkarim.co.uk\/wp-content\/uploads\/2022\/03\/Chart_SBERBANK-ADR-EACH-REPR-4-624x185.png 624w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.londonstockexchange.com\/stock\/SBER\/sberbank-of-russia\/company-page\">SBERBANK OF RUSSIA SBER Stock | London Stock Exchange<\/a><\/p>\n\n\n\n<p>Russia&#8217;s largest lender Sberbank is quitting almost all European markets, blaming big cash outflows and threats to its staff and property following Russia&#8217;s invasion of Ukraine and Western sanctions. The move seemed inevitable after the European Central Bank (ECB) ordered the closure of the bank&#8217;s European arm, having warned it faced failure because of a run on deposits sparked by the invasion, which Moscow calls a &#8220;special operation.&#8221; <\/p>\n\n\n\n<p>The bank said it was no longer able to supply liquidity to European subsidiaries following an order from Russia&#8217;s central bank, which is seeking to preserve foreign currency. But it said capital and assets were sufficient to pay all depositors. The move highlights the pressure some Russian businesses are facing from unprecedented steps by the West to isolate Moscow, including sanctions on its central bank and the exclusion of some of its banks from global payments system SWIFT.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sberbank &#8211; Wikipedia The graph below paints the story. SBERBANK OF RUSSIA SBER Stock | London Stock Exchange Russia&#8217;s largest lender Sberbank is quitting almost all European markets, blaming big cash outflows and threats to its staff and property following Russia&#8217;s invasion of Ukraine and Western sanctions. The move seemed inevitable after the European Central [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4324","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4324"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4324\/revisions"}],"predecessor-version":[{"id":4326,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/4324\/revisions\/4326"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}