Russia’s largest firm puts €40m into its Irish arm

Russia’s largest company, which has been left reeling in the wake of fresh sanctions on the country, injected over €40 million into its Irish subsidiary earlier this year.

Sberbank, the state-owned lender, saw its share price collapse by more than 20 per cent last week.

It has since recovered slightly, but remains significantly depressed.

The rapid deterioration of its share price was noteworthy as the bank was not in fact directly hit with ...