“Daughter” of Russian “VTB” can stop the activity in Ukraine

“BM Bank” is a Ukrainian subsidiary of Russian state Bank VTB – a Bank may cease operation without liquidation.

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Switzerland has restricted the activities of “daughter” of Russian “Gazprombank”

This was reported on the website of the Bank with reference to the agenda of the General meeting of shareholders of the financial institution, scheduled on March 19.

Also on the agenda of that meeting indicate approval of the plan termination of banking activities.

Recall, March 1, the national security Council and defense of Ukraine extended sanctions against banks with Russian capital.

Videosno extended sanctions against banks with Russian capital

They were introduced a year ago. Banks are prohibited to carry out any financial transactions in favour of the parent institutions, in particular, the outflow of capital outside Ukraine. Under the restrictions were “Sberbank”, “Bank”, “VTB Bank”, “BM Bank” and “Bank of the EUWI”.

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