Ukraine’s president prolongs sanctions against Russian banks

KIEV, Jun 24 (PRIME) -- Ukraine’s President Vladimir Zelensky has prolonged sanctions against several Russian banks, including Gazprombank, Sberbank, and VTB Bank, for three years, as seen by PRIME in a ruling, published on the official website on Thursday.

“To put into effect the decision of the National Security and Defense Council of Ukraine, dated June 18, 2021, on imposition of personal special economic and other restrictive measures,” the document read.

Ukraine has added to the sanctions list 55 legal entities and three individuals including several Russian banks and payment systems that are prohibited to export capital from Ukraine and whose assets are to be blocked.

The sanctions list now comprises 538 individuals including CEO of gas giant Gazprom Alexei Miller, CEO of VTB Bank Andrei Kostin, and Russian businessmen Oleg Deripaska, Pavel Fuks, and Igor, Arkady and Roman Rotenberg, and 540 companies including national flagship air carrier Aeroflot and state industrial corporation Rostec.

In March 2017, Kiev introduced sanctions against all subsidiaries of Russian banks – Ukrainian units of Sberbank and VTB Bank, VS Bank of Sberbank, BM Bank of VTB, and VEB.RF’s unit Prominvestbank, prohibiting all financial operations in favor of affiliated parties, including parent banks.

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