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Russia's sanctions not to influence significantly Ukraine's macro-stability, - National Bank

The majority of the sanctions are imposed against the physical persons; consequently, they concern the blockage of the non-cash funds, assets, securities, all stuff at the banks of Russia
17:05, 1 November 2018

Dzerkalo Tyzhnia

The National Bank of Ukraine (NBU) does not expect the significant influence of the sanctions imposed by Russia on the macro-stability of the state. Kateryna Rozhkova, the First Deputy Head of the NBU made this statement as Interfax-Ukraine reported.

"How will it affect the macro-financial stability? We want to believe that in no way. The majority of the sanctions are imposed against the physical persons; consequently, they concern the blockage of the non-cash funds, assets, securities, all stuff at the banks of Russia. Taking into account, that the list is mostly composed of the lawmakers and officials, I want to believe that they do not keep their money in Russia after the Russian military aggression. If we talk about the legal persons, there is only "CreditDnipro" bank there. Once again, I hope that the bank does not hold any operations with the Russian Federation," Rozhkova said.

Related: A beginning of “serial TV show,” - Ukraine's Foreign Minister on Russian sanctions

She added that the NBU will be able to provide more serious estimation later after the detailed analysis of the persons included on the sanction list.

Talking about the possible counter-sanction, she reminded that Ukraine has imposed the sanctions against Russia in 2017.

Related: Sanctions list against Ukraine can be extended or shortened, - Russia

As we reported, Russian Prime Minister Dmitry Medvedev signed an order which imposes sanctions against a list of physical and legal entities of Ukraine

In particular, sanctions were imposed against Ukraine’s Internal Minister Arsen Avakov, acting Health Minister Ulyana Suprun and Culture Minister Yevgen Nishchuk, Minister of Education Liliya Grynevych, Infrastructure Minister Volodymyr Omelyan, Ecology Minister Ostap Semerak, Information Policy Minister Yuriy Stets, Defence Minister Stepan Poltorak, Deputy Defence Minister for European integration Anatoliy Petrenko, and Vice Prime Minister for European and Euro-Atlantic Integration of Ukraine Ivanna Klympush-Tsintsadze.

Related: Kremlin explains why Poroshenko is not on sanctions list

President’s son Olexiy and Poroshenko’s Press Secretary Svyatoslav Tseholko were included on the list. Petro Poroshenko was not included in the sanctions list.

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