Russia’s Sberbank Expresses Concern About Protests Against Ukraine Subsidiary
Russian lender Sberbank said Monday it was deeply concerned by protests against its Ukrainian subsidiary, which included a nationalist group walling up the entrance to one of its branches in Kyiv with masonry and cement. Periodic protests have been held against Kremlin-owned banks operating in Ukraine since bilateral ties broke down in 2014 after Russia annexed Crimea and gave its support to the pro-Russian separatists in eastern Ukraine. Sberbank’s announcement last Tuesday that it would heed a call from President Vladimir Putin to recognize passports issued by separatists in eastern Ukraine has fueled greater discontent. On Monday, a few dozen …