Report: All Russian state banks in talks to sell Ukrainian units

MOSCOW, Mar 20 (PRIME) -- All Russian state-run banks are in negotiations to sell their Ukrainian business, Deputy Chairwoman of the National Bank of Ukraine Yekaterina Rozhkova told channel Inter in an interview broadcast on March 19.

“We know for sure that all banks with the Russian state capital which are operating on the territory of Ukraine today are holding negotiations on a potentially viable sale and we, as the banking sector regulator, think that this would be probably the best way to leave the Ukrainian market because unfortunately, there can be no development of these banks on the territory of Ukraine of any kind,” Rozhkova said.

Earlier in March, Ukrainian President Pyotr Poroshenko introduced sanctions against five Russian banks – Sberbank, VTB Ukraine, BM Bank, a unit of the Bank of Moscow, Prominvestbank, a unit of Vnesheconombank, and VS Bank of Sberbank – for a year, prohibiting them from disinvesting from the country, as well as barring Ukraine’s state-owned companies from depositing funds with the banks.

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