Operations will be referred to external banking partners, Gazprombank chairman says Gazprombank will cease operations in Switzerland after “a strategic review of various options,” Chairman of the Board of Directors, Ivan Dun, said in a statement on Monday.

Germany is weighing the prospect of expropriating or nationalizing local subsidiaries of Russian energy majors Gazprom and Rosneft due to concerns over energy security amid anti-Russia sanctions and Moscow’s demand for gas payments in rubles.

Moldova has turned down the “offer” to capture its breakaway region of Transnistria by force floated by Kiev, stating that it seeks to reintegrate the self-proclaimed republic only through political means.