Russian banks' Ukraine-related risks total $25 billion

The Ukraine-related risks of Sberbank and other Russian banks total $25 billion, a top Sberbank executive said on May 23.

The Ukraine-related risks of Sberbank and other Russian banks total $25 billion, a top Sberbank executive said on May 23.

"The $25 billion is a figure that includes not only loans but also our investments, our guarantees," first deputy chief executive Maxim Poletayev told reporters.

He praised Metinvest, Ukraine's largest steel producer, with servicing its Sberbank loans accurately.

"We are getting restructuring ready for Akhmetov's Metinfest. The main assets belong to him, they're servicing them - good for them," Poletayev said.

Metinvest is a vertically integrated group of coal- and steel-producing companies that manages every link of the production chain, from ore and coal mining to making coke and semi-finished and finished steel products such as tube rolls and coiled steel.

It owns mining and smelting facilities in Ukraine - chiefly in the regions of Donetsk, Lugansk, Zaporizhzhya and Dnipropetrovsk, - Europe and the United States, and runs a sales network covering all key global markets.

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