"The EU sanctions imposed against several Russian companies and banks have not undermined Gazprombank’s fiscal sustainability and stability of operations,” the bank’s press service told Itar-Tass.
The United States imposed similar sanctions (on long-term and mid-term financing) against Gazprombank on July 29.
The European Union has imposed sanctions against Russia’s financial sector for 12 months, the Official Journal of the European Union said on Friday.
The EU may revise it list of economic penalties after 3 months.
However, the European Union has decided to exclude the “sisters” of Russian state-owned banks registered in the EU territory from sanctions. Restrictions on attraction of loans for more than 90 days will, however, apply to the Russian parent companies and their “sisters” outside the EU, the Official Journal of the European Union said.