According to the European Central Bank, the Sberbank Europe AGa wholly owned subsidiary of Sberbank Russia, as well as their Croatian and Slovenian offshoots, insolvent or will soon be. “Sberbank Europe AG and its subsidiaries have experienced significant deposit outflows due to the impact of geopolitical tensions on their reputation,” explains the ECB. “This led to a deterioration in their liquidity position.”
There is no way that would offer a realistic chance of restoring liquidity. Russia is the majority owner of the bank. The Russian central bank said last week that the financial institutions in Russia were well-armed against the latest Western sanctions.