NSDC extends sanctions against two Russian banks

Ukraine's National Security and Defense Council (NSDC) has decided to extend restrictive measures against two Russian banks, which are due to expire on March 15, NSDC Secretary Oleksiy Danilov has said.

He said this at a briefing following an NSDC meeting on Thursday, March 11, according to an Ukrinform correspondent.

"We now have two Russian banks that have been subject to sanctions since 2019. The term of these sanctions expires on March 15. Sanctions against the two Russian banks have been extended for three years," Danilov said.

In March 2019, President Petro Poroshenko enacted the NSDC decision on renewed personal economic and other sanctions against 294 legal entities and 848 individuals who participated in the aggression against Ukraine. At the time, based on proposals from the National Bank of Ukraine, the NSDC extended sanctions against four banks with Russian capital.

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