Vladimir Putin & Sberbank

Vladimir Putin: Putin's war policies and asset seizures have fueled fears of deposit confiscation, leading to bank runs and economic instability, while he also extracts donations from oligarchs.

Sberbank: Sberbank experienced deposit outflows in June and July, reflecting the broader trend of Russians withdrawing cash, though it initially held steady.

Vladimir Putin: Expected to sign the bill into law, finalizing the regulatory framework.

Sberbank: Sberbank is leading Russia's regulated crypto market with a December 1 launch, enhancing its digital asset services and positioning as a key player.

Vladimir Putin: Subject to sanctions under the bill.

Sberbank: Subject to sanctions under the bill.

Vladimir Putin: President Putin ordered the government to rebuild damaged warehouses, acknowledging the economic impact of the attacks.

Sberbank: Sberbank increased loan-loss provisions due to weakened credit quality of online retailers and vendors.

Vladimir Putin: President Vladimir Putin was informed by Alexander Shokhin about companies' readiness to finance defense systems against drone attacks.

Sberbank: Sberbank, Russia's largest bank, is now allowed to operate its own drone defense systems and arm its staff. This will increase its security measures and operational expenses, as it will bear the costs of these defenses.

Vladimir Putin: Vladimir Putin has stated Russia will continue its war aims in Ukraine despite sanctions, indicating a continued commitment to policies that burden the Russian economy and banking sector.

Sberbank: Sberbank, Russia's largest bank, has acknowledged the stress from sanctions in 2022, but its CFO suggests clients have become accustomed to them by 2026, indicating a degree of resilience despite ongoing pressure.