Open source
The National Bank of Ukraine allowed the Russian state-owned banks which are in sanctions list, to make additional capitalisation of Ukrainian subsidiaries. These include Sberbank, Prominvestbank, VTB Bank and BM Bank.
According to decision of the Board of NBU No.55, the regulator brought its demands in accordance with the decision of the National Security and Defense Council (NSDC) on May 2, concerning the updated list of sanctions imposed by the presidential decree of May 14, reported by UNIAN.
«This will allow us to avoid the recognition of sub-affiliated Ukrainian subsidiary banks insolvent due to insufficiency of capital, because such a situation can lead to additional burden on the Deposit Guarantee Fund of Ukraine», – the massage stated.
In addition, the National Bank extended implementating mechanism of sanctions of the NSDC by banks, non-banking institutions, national postal operator and payment organizations.
As «The Journalist» reported, the default of Russian state banks subsidiaries in Ukraine will result in losses for business.
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