Ukrainian parliament approves sanctions against Russian financial institutions
The Ukrainian parliament has approved a decree on the introduction of economic sanctions against financial institutions in the Russian Federation, an MP from the Holos faction, Yaroslav Zheleznyak, reported on his Telegram on Feb. 23.
The Verkhovna Rada supported the Decree of Ukrainian President Volodymyr Zelenskyy on the application of sectoral sanctions for 50 years against all banks and non-banking financial institutions of the Russian Federation
A total of 325 MPs voted in favor of the decree.
The 50-year-long sanctions will be applied to all banks registered in the Russian Federation.
In particular, the following financial institutions were sanctioned:
- The Central Bank of the Russian Federation;
- non-bank credit organizations;
- operators of payment systems;
- professional market participants;
- insurance companies;
- investment funds;
- other financial institutions that are registered and provide services in the Russian Federation.
Previously, the Ukrainian National Security and Defense Council and President Volodymyr Zelenskyy supported the National Bank of Ukraine’s proposals regarding the application of sectoral sanctions against all registered banks located in Russia.
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