Sberbank said it would study the sanctions adopted by the United Kingdom. The corporation said in a statement that customers in Russia would not be significantly affected by these measures. The United States, the European Union, Japan and other countries activated individual and sectoral sanctions against Russia after Putin signed the decrees recognizing the Donetsk and Lugansk People’s Republics on February 21, and three days later announced the launch of a “special military operation”. “In Ukraine, claiming that the two republics requested assistance in countering Kyiv’s aggression. In an unprecedented situation, individual restrictions were extended to include Russian President and Foreign Minister Sergey Lavrov. Sectoral sanctions, for the first time, include partial separation of Russia from the SWIFT system and freezing of international reserves of the issuing bank, Many countries also decided to close their airspace to Russian aircraft, and Russia took similar measures by preventing the use of its airspace for aircraft from 36 countries that cut air service with Moscow.
The UK is imposing sanctions on Sberbank, including blocking correspondent accounts and sterling clearing operations.
Sberbank said it would study the sanctions adopted by the United Kingdom. The corporation said in a statement that customers in Russia would not be significantly affected by these measures.
“Sberbank will review the restrictions adopted by the United Kingdom as the documents are made public. Russian retail and corporate customers will not be significantly affected by these measures,” she added.
The United States, the European Union, Japan and other countries activated individual and sectoral sanctions against Russia after Putin signed the decrees recognizing the Donetsk and Lugansk People’s Republics on February 21, and three days later announced the launch of a “special military operation”. In Ukraine, it was alleged that the two republics asked for help in the face of Kyiv’s aggression.
In an unprecedented situation, individual restrictions were extended to include Russian leader and foreign minister Sergei Lavrov.
The sectoral sanctions also include, for the first time, Russia’s partial disconnection from the SWIFT system and the paralysis of the international reserves of the issuing bank.
Many countries also decided to close their airspace to Russian aircraft.
Russia, in turn, introduced similar measures by banning the use of its airspace by aircraft from 36 countries that cut off air services with Moscow.
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