Amid the Russia-Ukraine war, there was a run on the bank's European arm with the ECB also noting that there were "significant deposit outflows" linked to geopolitical tensions. This is the kind of issue that is a bit worrying for European banks in general as they do have strong ties with Russia but for now, the financial fallout seems manageable.
Russia's biggest lender, Sberbank, leaves European market
- Sberbank says it will not be able to supply liquidity to European units
