PM Groysman: NBU in control of Russian banks' subsidiaries in Ukraine

Ukrainian Prime Minister Volodymyr Groysman says the situation with Russian banks' subsidiaries in Ukraine is controlled and regulated by the National Bank of Ukraine (NBU) in accordance with Ukrainian legislation, an UNIAN correspondent reported from Groysman's annual press conference.

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"As for the banking system and Russian banks in Ukraine, I would say the situation is now absolutely controllable," he said.

In his words, Ukraine is a state governed by the rule of law, and it must be observed.

Read alsoRussian Sberbank's Ukrainian subsidiary to be sold for about $130 mln – media"Everybody is aware of an attitude to banks from the aggressor country, but the regulator should control their activity in accordance with the Ukrainian legislation. If they violate the laws, they will strictly be made liable for this," Groysman said.

As UNIAN reported earlier, Ukraine undertook before the International Monetary Fund (IMF) to safeguard Russian state-owned banks' subsidiaries in Ukraine.

On April 7, Ukraine's National Bank called on law enforcement agencies to ensure continuous operation of the said banks' branches in keeping with the law. This was due to numerous protest rallies staged by the National Corps political movement, which aims to destabilize the work of the Ukrainian-based banks with Russian capital.

The National Corps announced it would block the Russian banks' work in Ukraine after April 10 on their own, and called on Ukrainian citizens who have deposits in such banks to immediately withdraw their money.

In response to this statement, Russia's Sberbank, which on March 27 announced a deal to sell its Ukrainian-based subsidiary to a consortium of foreign investors, said it intended to leave the Ukrainian market in accordance with the current legislation. Sberbank also claimed it would regard aggressive actions against its subsidiaries as the intentional infliction of harm to the interests of its Ukrainian clients and the state of Ukraine.

As was reported, Ukrainian President Petro Poroshenko on March 16 enacted 12-month sanctions of the National Security and Defense Council of Ukraine against five banks with Russian capital, namely Sberbank PJSC; VTB Bank PJSC; Prominvestbank PJSC; BM Bank PJSC; and VS Bank PJSC.

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