SBU charges Russian central bank governor Nabiullina for illegally setting up ‘ruble zone’ in Ukraine

2 January, 10:48 PM
Elvira Nabiullina faces life imprisonment (Photo:SBU)

Elvira Nabiullina faces life imprisonment (Photo:SBU)

Head of the Central Bank of Russia Elvira Nabiullina has been charged over organizing financial transactions in the temporarily occupied Ukrainian territories, the press service of the Security Service of Ukraine reported on Jan. 2.

"It was she who organized the introduction of the so-called ruble zone in the temporarily occupied areas of southern and eastern Ukraine," the statement reads.

“To do this, she gave instructions to open branches of the Kremlin-controlled Promzvyazbank using the seized branches of Ukrainian financial institutions. In addition, the head of the Russian central bank assisted the local occupation administrations of Russia in blocking the circulation of hryvnia.”

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The resulting revenues to the Russian budget were used to finance the needs of the military-industrial complex and occupation groups.

In this regard, criminal proceedings were initiated against Nabiullina under Part 3 of Art. 110 (intentional actions committed by a representative of the authorities, by prior conspiracy of a group of persons, with the aim of changing the boundaries of the territory and the state border and violation of the order established by the Constitution, which caused the death of people and other grave consequences) of the Criminal Code of Ukraine.

The sanction of the article provides for punishment in the form of imprisonment for a term of 10 to 15 years or life imprisonment with confiscation of property.

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