Feb 27 (Reuters) – Societe Generale SOGN.PA and Credit Suisse CSGN.S have ceased their commodity trade finance activities from Russia amid fears over the impact of Western sanctions on Moscow following the Kremlin offensive against Ukraine, the Bloomberg news agency reported on Sunday, citing sources familiar with the matter.
The two banks no longer provide the money needed to transport raw materials like metals and oil from Russia, Bloomerg reports.
Credit Suisse and Societe Generale did not immediately respond to a request for comment from Reuters.
(Report Shivani Tanna in Bangalore, French version Laetitia Volga)