The Swiss financial regulator has extended a moratorium on transactions at the Swiss branch of Russia’s Sberbank group as it decides on its future course.
This content was published on
1 minute
swissinfo.ch/mga
Português
pt
O destino da filial suíça do Sberbank ainda paira em equilíbrio
The Financial Market Supervisory Authority (FINMA) imposed the measures in March to prevent the bank from paying out money to sanctioned creditors.
They were partially lifted in July to allow payments to authorised creditors, at which time FINMA suggested that the Swiss unit was eyeing a takeover or change of ownership.
Sberbank Switzerland is part of the Russian Sberbank group but is a separate entity from Sberbank Europe, which has been hit with EU sanctions.
On Thursday, FINMA extended the transaction ban until the end of September to give the bank more time to resolve its status.
The bank remains under heightened supervision and is being overseen by an investigative agent appointed by the financial regulator.
A separate Russian bank, Gazprombank, said in July that it is considering a complete or partial sale of its Swiss entity.
Swiss money laundering office registers record number of reports
This content was published on
The Money Laundering Reporting Office Switzerland (MROS) registered a record number of reports of suspicious activity last year.
Two teens accused of planning terror attack released from custody
This content was published on
The Schaffhausen judiciary has released the two teenagers from custody who allegedly planned bomb attacks in Switzerland.
OECD: Sluggish economic activity slowing growth in Switzerland
This content was published on
Sluggish economic activity at the start of the year is weighing on growth in Switzerland, with GDP expected to fall to 1.1% in 2024.
Report finds mistakes which led to Swiss government data breach
This content was published on
Mistakes were made by both the government and internet company Xplain in the case of a criminal cyber-attack on the Bern-based IT business.
Swiss government wants better gender balance in federal administration
This content was published on
New Swiss government personnel management targets say there must be even more female managers in the federal administration.
Swiss national science foundation funded over 5,000 projects in 2023
This content was published on
In 2023, the Swiss National Science Foundation (SNSF) provided a total of CHF961 million worth of funding towards research projects.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Swiss branch of Sberbank allowed to pay creditors
This content was published on
The Swiss financial regulator lifts some restrictions on the Swiss branch of Russia’s Sberbank so it can pay off non-sanctioned creditors.
Switzerland takes over EU sanctions on Russian gold
This content was published on
Switzerland, a major gold-refining hub, has followed the EU in banning Russian gold as part of new sanctions due to the war in Ukraine.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.