Registration was successful!
Please follow the link from the email sent to

Kiev Sanctions on Russian Banks' to Have Boomerang Effect - Ex-Finance Minister

© Sputnik / STR / Go to the photo bankRadicals outside Russia's Sberbank central Kiev office. The radicals walled up some windows and the entrance of the office with concrete blocks.
Radicals outside Russia's Sberbank central Kiev office. The radicals walled up some windows and the entrance of the office with concrete blocks. - Sputnik International
Subscribe
Ukraine's sanctions against Russian banks will result in a "boomerang effect," since they play a significant role in Ukraine's financial system, Alexei Kudrin, a former Russian finance minister and chairman of the Center for Strategic Research, said Thursday.

MOSCOW (Sputnik) — Earlier in the day, Ukrainian President Petro Poroshenko approved the proposal of the National Security and Defense Council to impose one-year sanctions on five subsidiaries of Russian state banks, targeting the Ukrainian branches of Sberbank, VTB, BM-Bank, Prominvestbank and VS Bank.

"Russian banks are playing a significant role for investments, for funding Ukraine's financial system. And such a persecution significantly worsens Ukraine's financial system. They may expect a boomerang effect. I think it is not in Ukraine's interests," Kudrin said.

Sberbank of Russia branch in Kiev surrounded by Ukrainian police following vandalism by unidentified radicals. File photo. - Sputnik International
Russia's Sberbank Chides Poroshenko's 'Politically Motivated' Sanctions
Kudrin noted that the closure of the banks would promote the image of Ukraine as "unsustainable territory with unprotected rights."

On Monday, Ukrainian radicals blocked the entrance into the central office of Russia's Sberbank in Kiev with over 400 employees locked inside and vandalized the building.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала