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National Bank of Ukraine extends sanctions against Russian banks

The sanctions apply to Sberbank, VS Bank, Prominvestbank, VTB Bank and BM Bank

KIEV, March 15. /TASS/. The National Bank of Ukraine has extended sanctions against Russian banks, the regulator’s press-service reported on Thursday.

"Implementing the decision of the National Security and Defense Council of March 1"On application of personal special economic and other restrictive measures (sanctions)" that came into effect by the decree of the President of Ukraine, the NBU continues to enforce sanctions against certain banks, in particular, Sberbank, VS Bank, Prominvestbank, VTB Bank and BM Bank," the press service said.

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Earlier, Ukrainian President Pyotr Poroshenko said that in 2017 the net assets of Ukrainian banks with Russian state capital decreased by one third, while the volume of funds of individuals and legal entities placed there decreased by 28 and 34%, respectively.

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