https://www.cnn.com/2023/03/09/busin...ons/index.html

MoscowRussia's dominant lender Sberbank reported a nearly 80% plunge in 2022 net profit Thursday as sweeping Western sanctions rattled Russia's financial sector in what the bank's CEO called "the most difficult year."

Sberbank (SBRCY) was releasing results under international reporting standards for the first time in a year. Russian authorities ordered banks to limit disclosures and dividend payments last year as Moscow tried to maintain financial stability.


Ah - now we see why - russia ordered institutions to not disclose - fukking lol @ that 3rd world chithole.

What do you make of US and EU failing banks. We are literally in the middle of a global financial crisis right now, banks are failing all over the world. I would honestly be surprised if Russian banks weren't failing, they'd likely be failing without the sanctions

The US? Pretty normal. Federal Reserve raising rates to "combat" inflation kills banks. vatnik banks are failing BECAUSE OF the sanctions. They said so themselves this was the cause.

Russian losers tried so hard to cover it up and push the fake "sAnCtIONs dOnT wERk" narrative yet still fail bigly. Pathetic.

Only gonna get worse fron here now on as no one is buying Russian sh*t anymore except for other sh*tholes at a heavy discount. Russian pidors tried to blackmail Europe with "muh cold dark winter" flex and no one bat an eye. Big fail. Ruskis got so butthurt that they spent several months bombing Ukrainian power grid and that sh*t failed too.

But hey don't you worry vatniks, you got powerful allies like Mali, Syria, and Nicaragua that will surely help you restore your economy to the former glory. lol

Repeat thread. Probably last one was by Winnie too

When you have to lie to prove a point it means you don't have anything to stand on.

Six banks going under in two weeks isn't normal or combating inflation.

Russia is part of the global financial system same as we are. They are going through the same financial turmoil causing our banks to fail. Their banks are failing for the same reason as everyone elses, not due to half arsed low effort sanctions.

Or do you believe Russias financial sector is/was so strong that they are somehow insulated from a global financial crisis

News like this might lead to a ruble pay cut for Jizzel and Memecope.

LoL "cnn"

So, the story isn't true? Source?


Oh wait, Russian bot. NM

Poots is finished!

at least in didn't go bankrupt like that american bank just 2 weeks ago

Sherbank is a significantly larger bank for Russia than SVB is for the U.S. and Sherbank is also de facto state owned.

lol yep