Feb 3 (Reuters) – Russia’s state-owned Promsvyazbank (PSKBI.MM) mentioned on Friday that it had purchased two credit score establishments in Ukraine’s Donetsk and Luhansk areas, doubling its chain of branches in Ukrainian territory Russia moved to annex final 12 months.
Promsvyazbank (PSB), one in every of Russia’s 13 “systemically essential credit score establishments”, presents a variety of providers however has targeted on state workers and the defence sector because it was bailed out by the central financial institution in 2017.
It had already been focused with Western sanctions final 12 months over Russia’s actions in Ukraine.
Reporting by Reuters; enhancing by Man Faulconbridge
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