You're reading: NSDC limits capital withdrawal from Ukrainian subsidiaries of Sberbank, VTB and VEB

The National Security and Defense Council of Ukraine (NSDC) has again included in the sanctions list, enacted by decree No. 82/2019 of the president of Ukraine dated March 19, 2019, PJSC Sberbank, PJSC Prominvestbank, PJSC VTB Bank, and JSC BM-2018.

According to the addendum to the document posted on the website of the president of Ukraine, these sanctions are introduced for a period of two years.

This decision limits the withdrawal of capital from these financial institutions outside Ukraine in favor of persons related to the bank.