21:51 GMT +316 December 2017
Listen Live
    Supporters of pro-EU integration hold Dignity Day rally on Kiev's Maidan Nezalezhnosti

    Russian Sberbank Branch to Safeguard Interests of Ukrainians Despite Sanctions

    © Sputnik/ Iliya Pitalev
    Business
    Get short URL
    0 58

    Sanctions imposed by Kiev authorities on the Ukrainian subsidiary of Russia's largest state bank Sberbank will not affect the legitimate interests of Ukrainian customers, the subsidiary said in a statement posted on its website on Thursday.

    MOSCOW (Sputnik) — Ukrainian President Petro Poroshenko approved earlier on Thursday the National Security and Defense Council of Ukraine's proposal to impose one-year sanctions on subsidiaries of five Russian state banks, including Sberbank.

    "The sanctions will not impact the legitimate interests of Sberbank clients [in Ukraine]. Sberbank has all necessary resources and management expertise to continue stable work," the statement said.

    According to the document, the bank has a clientele of over a million Ukrainian citizens and  thousands of local businesses.

    Related:

    Kiev Sanctions on Russian Banks' to Have Boomerang Effect - Ex-Finance Minister
    Russia's Sberbank Chides Poroshenko's 'Politically Motivated' Sanctions
    Tags:
    sanctions, Sberbank, Ukraine, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment