The National Bank of Ukraine (NBU) has defined a procedure for applying sanctions imposed by the National Security and Defense Council of Ukraine (NSDC) and monitoring its observation, the regulator said on its website.
NBU resolution No. 654 on provision of the realization and monitoring the effectiveness of personal special economic and other restrictive measures (sanctions) of October 1, 2015 took effect on Oct. 2, 2015.
According to the resolution, NBU obliged banks within three days starting from October 2 to submit reports on availability of banking accounts and ending stocks in them that belong to 388 individuals and 105 companies listed in the supplement to the decision of the NSDC.
