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Russia's Gazprombank: Sanctions Have No Impact

Gazprombank, Russia's third largest bank by assets, said on Thursday new U.S. sanctions were not affecting the stability of its operations and finances, and the central bank promised support if needed. The imposition of the new sanctions on Wednesday means Gazprombank and VEB, Russia's state-owned development bank, will no longer be able to raise medium- and long-term financing from U.S. institutions. “Sanctions do not have any material impact on Gazprombank's operations...

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