Major Russian banks officially withdraw from ARB

The Council of the Association of Russian Banks (ARB) has approved applications for withdrawal from the association of Sberbank, VTB, VTB 24, Gazprombank, Rosselkhozbank, Bank Otkrytie, Alfa Bank, Binbank and BM Bank. ”The representatives of the banks that have withdrawn from the Association are suspended from participation in the Council's meetings,"  the report published on the website of the ARB runs.