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Ukraine proposes banning banks with Russian participation to withdraw funds abroad

March 15, 18:31 UTC+3

The deputy head of the National Bank of Ukraine said the sanctions would be imposed on Sberbank and other major Russian banks

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National Bank of Ukraine

National Bank of Ukraine

© EPA/ROMAN PILIPEY

KIEV, March 15. /TASS/. The National Bank of Ukraine (NBU) has proposed prohibiting banks with Russian capital to withdraw funds outside the country. This was announced by Deputy Head of the NBU Yakov Smoliy at a briefing on Wednesday.

"In order to preserve the financial stability of Ukraine and ensure that banks with Russian capital fully meet their obligations to customers, the NBU proposes imposing sanctions in the form of a ban on withdrawal of capital outside Ukraine," he said.

The deputy head of the regulator said that the sanctions will be imposed on Sberbank, Prominvestbank, VTB, BM Bank and VS Bank.

"We would like to note that such sanctions will mean ban of any operations in favor of parent banks-granting inter-bank loans, deposits, purchases of securities, payment of dividends and other operations, " he said.

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