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Security and Defense Council prolongs sanctions against banks with Russian capital

Security and Defense Council prolongs sanctions against banks with Russian capital

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The National Security and Defense Council (NSDC) of Ukraine extended sanctions against banks with Russian capital, which expired in March 2018. This was reported by the press office of the National Security and Defense Council, following the meeting of the council.

"The National Security and Defense Council of Ukraine supported the proposals of the National Bank of Ukraine to extend the effect of personal special economic and other restrictive measures (sanctions) against banks with Russian capital, which expired in March 2018," the report said.

Earlier, President Petro Poroshenko said that over the past three years, the share of assets of the above-mentioned banks in the system declined from 10.6% to 5.6%.

We remind you that all five Russian banks operating in Ukraine - Sberbank, VTB, BM Bank, Prominvestbank and VS Bank, have been sanctioned since March 23, 2017 - the government banned them from conducting financial operations in favor of related persons, including parent structures. The term of sanctions expired in March 2018.
 
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