Sberbank is among the sanctioned banks / Photo from UNIAN
Sberbank, Prominvestbank, VTB Bank are among the banks subject to Ukraine's sanctions.
Ukrainian sanctions against Russian banks' subsidiaries in Ukraine have been extended for two years.
The decision of Ukraine's National Security and Defense Council (NSDC) dated March 19, which was enacted by Ukrainian President Petro Poroshenko's decree, implies the extension of restrictive measures against Russian state banks' Ukrainian subsidiaries.
As follows from the annex to the decree posted on the president's official website, the updated sanctions list includes Sberbank, Prominvestbank, VTB Bank and company BM 2018, the legal successor of BM Bank, which suspended its banking license in Ukraine.
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As was the case before, the sanctions include a ban on the withdrawal of capital from Ukraine in favor of affiliated persons.
The measures will be in effect in the next two years.
As UNIAN reported, Poroshenko issued decree No. 82/2019 to enact an NSDC decision of March 19 on personal special economic and other restrictive measures (sanctions) against 294 legal entities and 848 individuals.
The sanctions against the Ukrainian subsidiaries of Russian state-owned banks prohibiting the withdrawal of capital in favor of parent structures have been in effect in Ukraine since March 2017.