French bank Société Générale ceases work in Russia

One of France’s largest banks is ceasing its work in Russia as the war continues.

As well as curbing its banking and investment activities, Société Générale says it’s selling its entire stake in Russian bank Rosbank.

In a statement, it said the pull-out would happen in the coming weeks, following approval from regulatory authorities.

Société Générale follows numerous other Western banks, businesses, and brands which have cut ties with Moscow following public pressure.

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