NBU Governor Kyrylo Shevchenko has addressed the relevant authorities in Canada, Japan, Switzerland, the United States, the United Kingdom, and the EU with a request to apply sanctions to foreign branches of russian-based banks.
Russia’s unprecedented murdering of the Ukrainian people, which has been raging on for more than a month now, shows that the sanctions the West has imposed on some russian state-owned banks since 2014 have not been sufficient. The entire free world must continue to put pressure on the occupying power until its military aggression in Ukraine is brought to a complete stop. Subsidiaries of russian financial institutions continue to pursue russia’s government strategy abroad by using various methods to evade sanctions outside russia and may be complicit in the development of sanction voidance schemes, the NBU Governor said in a statement.
"We are confident that only by working together to counteract the aggressor will we be able to safeguard the principles of democracy and peace. After all, we are no longer talking about business, but about saving the lives of the civilian population of our country," Kyrylo Shevchenko emphasized.