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Ukrainian regulator extends sanctions on units of Russian state banks

Following the decision of the National Security and Defense Council, the National Bank of Ukraine officially extended sanctions imposed in March 2017 on the local units of Russian state-controlled banks.

Lenders affected by the sanctions include PAO Sberbank of Russia unit PJSC Sberbank, Vnesheconombank unit PSC Prominvestbank, and JSC VTB Bank units PJSC BM BANK and PJSC VTB BANK.

The sanctions ban the Ukrainian lenders from carrying out financial operations transferring capital to their parents or related parties abroad.