The National Bank of Ukraine is about to impose sanctions on the open joint stock company Sberbank, the Ukraine-based branch of Russia’s Sberbank. The press department of the Ukrainian authority reported that on Tuesday, March 7.
‘In response to the information spread in the media about Sberbank being ready to service those holding passports of the non-recognized DPR and LPR, the National Bank will turn to the National Security and Defense Council and ask to impose sanctions on the Ukraine-based branch of this bank – the OJSC Sberbank,’ the message says.
In Ukraine, it is the National Security and Defense Council that decides whether to impose sanctions; then, the respective bill is signed by the President.
On February 18, Russia officially recognized validity of passports issued in the so-called DPR and LPR, the self-proclaimed pro-Kremlin organizations in eastern Ukraine.