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Russia eases banking access for Indian nationals

The Russian Government has taken steps to simplify the process for Indian nationals looking to open bank accounts and deposit funds with Russian financial institutions. This decision is aimed at streamlining the entire procedure, making it more accessible for Indian citizens to avail of Russian banking services from the comfort of their own locations. ....

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Sberbank Pulls out of Europe as Austrian Entity Fails

Sberbank has announced it has been forced to pull out of the European market, after it said it faced large outflows of cash in the region as well as threats to the safety of its employees and branches. The bank, Russia’s biggest lender, said its European subsidiaries had faced “abnormal cash outflows”, meaning it could no longer supply them with liquidity. However, Sberbank ....

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