Russia’s largest financial institution, Sberbank, will withdraw from European markets and will no longer provide liquidity support to its European branches, while Sberbank claims it has sufficient capital and asset quality to support all Depositors provide payment services.
Sberbank has previously launched a blockchain exchange-traded fund called “Sber – Blockchain Economy”. The bank is also the first financial institution to launch such a product in Russia. Blockchain ETFs make an impact.