Kyiv bans Ukrainian banks from serving Russian companies hit by sanctions
The National Bank of Ukraine approved a procedure for banks to implement the decision of the National Security and Defense Council of Ukraine (NSDC) on the application of personal special economic sanctions against a number of Russian companies, including Russian social networks VKontakte, Odnoklassniki, and resource sites Yandex, Mail.ru and accounting program 1C, as reported by UNIAN, citing Resolution No. 46 on the website of The National Bank of Ukraine.
As noted, beginning June 3, banks are prohibited from carrying out settlement operations for customers listed in the sanctions lists, if they are initiators of the transfer.
In addition, it is prohibited to initiate the transfer of funds to the accounts of persons indicated in the sanctions lists, to which sanctions have been applied, or to the bank's own accounts opened by the organizations to which such sanctions are applied.
Exceptions concern the transfer of funds from operations that are being carried out to increase the base capital of Ukrainian banks.
On May 16, President Petro Poroshenko signed a decree that approved the decision by the National Security and Defense Council to update the list of sanctions against a number of Russian companies, including the VKontakte and Odnoklassniki social networks, Yandex and others.