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Ukraine's Defense Council extends sanctions against two Russian banks for another three years

Source : 112 Ukraine

The sanctions were due to end on March 19
17:59, 11 March 2021

Ukraine's Defense Council
Open source

The National Security and Defense Council of Ukraine has extended sanctions against two Russian banks for another three years. Secretary of the National Security and Defense Council Oleksiy Danilov stated this during a briefing following the meeting of the National Defense Council.

The sanctions were to due to end on March 19.

"For today, we have had two Russian banks that have been subjected to sanctions since 2019. Their term would have expired on March 19. Sanctions against these two Russian banks have been extended for another three years," Danilov said.

In March, 2019 Ukraine extended sanctions against banks with the Russian state capital Sberbank and Prominvestbank for two years .

Sanctions imposing restrictions on the withdrawal of capital from the country in favor of related parties were first introduced in 2017. At that time, five Ukrainian banks owned by Russia came under sanctions: OJSC Sberbank, OJSC VS Bank, PJSC Joint-Stock Commercial Industrial and Investment Bank (Prominvestbank), PJSC VTB Bank, and PJSC BM Bank.

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