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.

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