Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
World

Ukraine Imposes Sanctions on Russian Banks

The move will stop Ukrainian affiliates of three Russian financial institutions from moving capital abroad

Petro Poroshenko, Ukranian president, photo: Wikipedia
By The News Whatsapp Twitter Facebook Share
10 months ago

MOSCOW – Ukrainian President Petro Poroshenko signed an order Thursday imposing sanctions on Russian-owned banks in Kiev’s latest protest against Russian support for separatists in the east of the country.

The move will stop Ukrainian affiliates of three Russian financial institutions from moving capital abroad, according to a statement on the Ukraine presidency website.

Poroshenko appears in recent days to have been forced into decisions under pressure from nationalist protestors, who have increasingly shaped the country’s political agenda.

Russian-owned banks in Kiev were vandalized this week by activists.

The banks affected by Poroshenko’s order are Russia’s largest bank, state-owned Sberbank, its second largest, state-owned VTB, and Vnesheconombank, the state-owned development bank.

VTB may incur several hundred million dollars of losses because of the restrictions, the bank’s head Andrei Kostin said Thursday in Moscow, the Tass news agency reported.

Sberbank said in a statement that they were “disappointed” with the decision.

Earlier this week, Ukraine imposed a road and rail blockade on rebel-held areas of the country that is likely to cause severe economic disruption to both sides.

Fighting between government forces and Russian-backed rebels in Ukraine has killed more than 9,800 people since April 2014.

Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Despite doping scandals, Olympic fever g ...

3 days ago
Living

UAEM consolidates academic and scientifi ...

4 days ago
Latest News

Japan public TV sends mistaken North Kor ...

5 days ago
Latest News

Tillerson warns military action on NK un ...

5 days ago
Most Popular

Indonesia ready for ‘big bang’

By The News
Business

Drone schools grow in China

By The News
Business

Japan’s economy contracts 1.4 pct

By The News
Business

Neumann: German Interest in Mexican Econ ...

By The News
Business

Calzada Rovirosa: Mexico and Canada are ...

By The News
Business