NBU outlines condition for easing sanctions against Russia state-owned banks

NBU outlines condition for easing sanctions against Russia state-owned banks

Ukraine can ease restrictions on the activities of the subsidiaries of the Russia’s state-owned banks in Ukraine only when the security situation improves.

This is stated in the letter to IMF Managing Director Christine Lagarde, the press service of the National Bank of Ukraine (NBU) reports.

"The recent events caused an outcry against the activities of Russia’s state-owned banks in Ukraine. We imposed the restrictions on the conduct of operations between these banks and their parent institutions for the sake of the national security and notified the IMF Executive Board about such activities. We will ease these restrictions as soon as the security situation allows this to be done," the letter reads.


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