Ukraine’s parliament voted by majority on Thursday to impose large-scale sanctions for a period of 50 years on all Russian financial institutions, including the central bank, all commercial banks, investment funds, insurance companies, non-bank credit institutions and payment system operators. This was reported by the “Voice of America”.
The access of financial institutions of the Russian Federation to markets and assets in Ukraine will be completely blocked. “We must weaken them by all available means,” Andriy Pyshny, chairman of the National Bank of Ukraine, wrote on Facebook.
The sanctions approved by the Verkhovna Rada, in particular, provide for the suspension of operations with assets owned by financial institutions of the Russian Federation. A ban is also introduced on operations and investments in Russian financial institutions. Correspondent relations with Russian banks will also be prohibited.