NBU may initiate sanctions against Russia’s Sberbank

NBU may initiate sanctions against Russia’s Sberbank

The National Bank of Ukraine (NBU) will impose sanctions on PJSC Sberbank - the subsidiary bank of Sberbank of Russia in Ukraine, if the information that Sberbank (Russia) is ready to serve people who have passports issued by the self-proclaimed Donetsk People's Republic (DPR) and Luhansk People's Republic (LPR) is confirmed, the press service of the central bank reports.

"If this information is confirmed, the NBU at a meeting of the NSDC [National Security and Defense Council] will initiate the issue of imposing sanctions on the subsidiary bank of Sberbank of Russia in Ukraine - PJSC Sberbank," reads a report.

A reminder that according to Article 5 of the Law of Ukraine "On Sanctions," a decision on imposing sanctions against individual legal entities is approved by the NSDC and is brought into effect by a decree of the President of Ukraine.


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