NBS says banks will not be affected by sanctions

NO BANK active in Slovakia will be impacted by the third wave of sanctions the European Union imposed on Russia, the National Bank of Slovakia (NBS) claimed.

“According to the July 29 agreement of EU member countries on the third phase of sanctions against Russia, the sanctions will only concern large state-run Russian banks,” NBS said, as quoted by the TASR newswire. “This does not apply to their subsidiaries active in the EU.”

The United States and the EU have extended sanctions against Russia to force it to cease supporting separatists in eastern Ukraine after the Malaysia Airlines Flight MH-17 was shot down by a missile above the territory controlled by the Donbass People’s Militia on July 17, claiming the lives of all 298 people on board.

The new measures adopted by Brussels against Moscow are aimed at the Russian financial sector and include restrictions on Russian institutions and their role on the EU’s financial markets; the oil industry; military industry; sensitive energy technologies and goods of dual use for civilian and military purposes, TASR wrote.

Source: TASR

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

CEO Rémi Girardon presents new Peugeot 208 model, March 27.

Best-selling Citroën to be produced exclusively in Trnava

FRENCH CARMAKER PSA Peugeot Citroën has decided to produce in Slovakia a new model that is expected to become the best-selling one in the future. It has promised that the car will achieve dominant position among…

Management of state funds is at issue.

New procurement law lacks teeth

Opposition, watchdogs believe Smer-backed changes are cosmetic.

Striving against corruption

I AM pleased to see many institutions in Slovakia addressing the serious issue of corruption. According to a 2013 Eurobarometer survey, 90 percent of Slovaks perceived corruption as widespread, compared to an EU…

Kozák, Ďurica, Hamšík, Škrtel, Duda (L-R) at the Footballer of the Year 201č awards

Marek Hamšík is Slovak Footballer of the Year 2014

ON MARCH 28, the poll searching for the best Slovak football (soccer) player saw its 22nd year culminating. The Pravda daily and the Slovak Football Association announced that Marek Hamšík (Ján Popluhár Prize for…