Sberbank of Russia (MISX:SBER) is selling its Swiss subsidiary, which had come under pressure because of international sanctions on Russian interests over the invasion of Ukraine. Sberbank (Switzerland) AG, which focuses on trade finance in commodities, was already facing liquidity problems after a first round of Western sanctions hit Russian interests earlier in 2022. Then, in August 2022, Switzerland's executive branch froze the bank's assets and banned it from providing any funds, resources or technical services following a new round of sanctions.