SPB Bank is studying possible changes in its asset unlocking strategy

2024-02-23T18:42:31.298Z

Highlights: SPB Bank is studying possible changes in its asset unlocking strategy. The approval by the St. Petersburg Exchange of a new strategy for unlocking assets became known on December 19. This happened after the US imposed sanctions against it. Earlier it was reported that the US Treasury introduced new sanctions against Russia. Several banks, including SPB Bank, also fell under restrictions. It follows from the statement that the situation is being studied by international legal consultants who specialize in sanctions. “In addition, lawyers are studying possible change to the previously presented strategy for Unlocking Assets,” TASS reports.

SPB Bank's strategy for unlocking client assets may change, the credit institution reported.