Ukraine to ease sanctions against banks with Russian state capital

Source : 112 Ukraine

The sanctions were introduced due to the negative reaction on the operation of such bank in Ukraine
16:40, 6 April 2017


National Bank of Ukraine

Ukraine has the intention to ease sanctions against banks with Russian state capital as soon as the security situation is stabilized. This is state in the letter of letter of intent attached to the Memorandum of Ukraine and IMF, the press service of Ukraine's Finance Ministry reports

“We restricted operations of the banks with their parent banks in favor of national security and informed the Executive Council of the IMF of that in accordance with the decision # 144-(52/51). We are going to ease the restrictions as soon as the security situation allows us to do that,” reads the document.

Related: Protesters picket house of Head of National Bank of Ukraine

It is also noted that the state guarantees operating safety for these banks including support by the National Bank of Ukraine, if required.

“We agreed to provide these banks with the access to the required liquidity support on demand including emergency liquidity assistance from the NBU. Apart from that we are still assertive of the rule of law and provide security measures for the offices and branches of these banks, for them to be able to continue their continuous operation,” reads the message.

Related: Head of National Bank of Ukraine announces her resignation

As it was reported earlier, Russian Sberbank actively searches exit from Ukrainian market

the struggle is going on against Russian banks in Ukraine.This year, Russian financial institutions have been subjected to destruction, we propose to recall the notorious incidents.

Related: National Bank of Ukraine receives funds from IMF

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