July 7, 2026
Worship Media
World News

Ukraine conflict: Russia doubles interest rate after rouble slumps

Sberbank Europe AG, which had total assets of €13.64bn (£11.4bn) at the end of last year, along with its Croatian and Slovenian units, suffered a rapid deposit outflow in recent days and is likely to fail to pay its debts or other liabilities, the ECB, which is the lenders’ supervisor, said.

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