MOSCOW, March 27 (RIA Novosti) – Russia’s largest lender Sberbank said Thursday that US-EU sanctions on Russia over Crimea had no significant impact on its operations and the bank will not change its strategy or forecasts.
Dozens of Russian officials and several Russian banks had been hit by punitive sanctions levied by Washington and Brussels in response to the reunification of Crimea with Russia. Sberbank was not targeted.
“The sanctions had not seriously affected our business so far,” Sberbank CEO German Gref told investors, adding that the bank has developed a contingency plan for the worst-case scenario in the Ukrainian crisis.
Gref also said the bank would not change its development strategy for 2014-2018 in the near future and will announce the forecast of its financial performance for 2014 in summer.
