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NBU bans transactions with Russian banknotes that have pictures of annexed Sevastopil on them
17:48, 13 October 2017
NBU bans transactions with Russian banknotes that have pictures of annexed Sevastopil on them

The requirement enters force on October 17

17:48, 13 October 2017

The National Bank of Ukraine (NBU) banned banks and their branches from performing bank transactions, including currency exchange, with the banknotes and coins of the Central Bank of Russia, which are illustrated with the monuments situated in the Ukrainian territory occupied by Russia, as the press service of the NBU informs.

In particular, the ban includes the Russian currency units that are illustrated with maps, symbols, buildings, monuments, archaeological sites, landmarks, landscapes, or any other objects, situated in the territory of Ukraine occupied by Russia. The banknotes or coins that have texts referring to Russian occupation of the Ukrainian territory are under ban as well.

Related: Ukrainian banks made $130 million profit since beginning of year, - NBU

Financial institutions and the Ukrainian Postal Service can’t use the banned banknotes and coins in their transactions.

On October 12, the Central Bank of Russia started issuing a new banknote of 200 Russian rubles. The banknote depicts the symbols of Sevastopil, which is in the occupied Crimea.

Related: Ukraine’s Finance Minister meets Vice President of World Bank

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