Top Russian Bank Launches Apparent Attempt to Evade Sanctions

John HardieSource LinkRussian media reported last week that state-owned Sberbank, the country’s largest financial institution, had sold some of its assets to an obscure company established in March. The sale likely reflects an attempt to shield those assets from Western sanctions, which Russia’s Finance Ministry now predicts will cause the country’s economy to shrink by as much as 12 percent this
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