https://www.rt.com/business/551006-austria-shuts-sberbank-europe/
Austria’s Financial Management Authority has ordered the immediate closure of Sberbank Europe AG on Tuesday evening, citing the orders from the European Central Bank amid widespread financial sanctions against Moscow over the conflict in Ukraine.
Sberbank’s European branch was banned “from continuing business operations in their entirety with immediate effect,” the FMA said in a statement at 10:45pm local time (21:45 GMT), about an hour before the moratorium on the bank’s activities ordered on Monday was due to expire.
The bank said on Monday it had faced a “significant outflow of customer deposits within a very short period of time,” after the EU and US moved to sanction several major Russian banks as part of punitive measures against Moscow for invading Ukraine.
The Tribulation is commencing…
Please repent, carry your cross daily and accept the free gift of Jesus Christ’s Death on the Cross for payment for your sins.
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