UBS sign
Moscow banned 2 major Swiss banks from disposing of shares in its subsidiaries after a Russian bank said it would lose money from the exit.
  • A Moscow court has banned UBS and Credit Suisse from disposing of shares in their Russian subsidiaries.
  • The ban request had come from Moscow-based Zenit Bank.
  • Russia witnessed an exodus of Western companies after it invaded Ukraine.

It's hard to break up with Russia.