The Russian government could potentially seize $750 billion worth of its own people’s deposits if Western nations decide to block Russia’s access to foreign funds, an official said.
According to local reports, Sberbank mistakenly made a statement on being included in the list of sanctions by the United States on Thursday night but subsequentlyAt the time of writing, Sberbank’s websitethat Sberbank and all its systems are operating as normal, while clients and legal entities have access to their funds and services in full.
“We are ready for any development of the situation and have worked out scenarios to guarantee the protection of the funds, assets and interests of our clients, as well as to ensure the regular operation of all our functions,” the notice says.
“Make no mistake, we will respond strongly to these sanctions, not necessarily in a symmetrical manner, but the response will be well calibrated and will not fail to affect the United States.”
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