Following Russia’s aggression against Ukraine, sanctions were imposed on the Russian financial sector, which also affected the banking sector. Apart from the plunge in the share price of Russia’s Sberbank (and other companies, as well as the Russian ruble), an announced hacker attack, and likely massive deposit outflows, we have no more detailed, reliable information. However, there is information regarding Sberbank Europe, a subsidiary of Russia’s Sberbank, which reported liquidity problems caused by significant deposit outflows. This can be seen as a result of the geopolitical events and loss of reputation.
The World Bank will provide 1.5 billion USD in additional support to Ukraine, World Bank Group President David Malpass announced. In an interview with "Gazeta SGH" he noted that Poland has become an inspiration for the world by welcoming people into its homes. This is welcomed and appreciated by the world. The World Bank has programs to support refugees and we are working on programs that would support refugees in Poland, but also in Moldova and Romania, the WBG president informed.
CIVICA welcomes SGH Warsaw School of Economics and IE University (Spain), thus reaching ten members. As an alliance of leading European universities, CIVICA will step up efforts to shape the university of the future.