The Russian banks do not suffer any significant losses because of sanctions imposed by Ukraine and continue to operate normally. This has been stated by the MP from UKROP Vitaliy Kupriy.
The politician has mentioned that the so-called sanctions include a prohibition to withdraw capital, but subsidiaries of the Russian financial institutions in Ukraine are unprofitable, so a ban on dividends, rates of interest, profit sharing and other operations will not significantly affect their activity.
In addition, the Ukrainian authorities have imposed restrictions only against five financial institutions with state capital: Sberbank, Prominvestbank, VTB Bank, VS Bank and BM Bank. However, sanctions are not applied to some other private banks, including Ukrsotsbank, Forward Bank and Alfa-Bank. The latter is a financial institution that a number of Ukrainian state enterprises cooperate with, including Ukrzaliznytsya and strategic company Ukrenergo.
“Just a piece of paper, represented as a presidential decree, in fact, does not cause any harm to Russian banks. Sanctions are actually imposed, but they are selective and will not affect important banks, which can continue to cooperate with the Ukrainian state-owned enterprises and threaten Ukraine’s national security,” said Vitaliy Kupriy.
The MP has also stressed that UKROP will strive for introduction of extensive sanctions against Russian financial institutions and adoption of the resolution № 5279, which was registered in Parliament by the party representatives. The draft resolution provides freezing of assets, preventing withdrawal of capital from Ukraine, termination of economic and financial liabilities, cancellation or suspension of licenses and other permits, prohibition to participate in privatization and to lease state property by the residents of a foreign country and individuals who are directly or indirectly under their control or act in their interests, prohibition to issue permits and licenses of the National bank of Ukraine for investment in foreign country, placement of currency values on accounts and deposits on the territory of a foreign country and so on.
