Information that the National Bank of Ukraine (NBU) allegedly assigned MFO sort codes to 'central banks' of so-called DPR and LPR has no substance.
We would like to emphasize that the NBU and the Ukrainian banking system do not operate on the territory of self-proclaimed DPR and LPR. The NBU does not exercise regulatory funnctions in respect of banking institutions operating in the uncontrolled territories of Ukraine.
All financial transactions in the residential localities not controlled by the Ukrainian authorities were suspended in 2014.
The respective decision was taken pursuant to NBU Board Resolution No. 466 of 6 August 2014 On the Suspension of Financial Operations , Decree of the President of Ukraine No. 875/2014 of 14 November 2014 On the Decision of the National Security and Defense Council of Ukraine of 4 November 2014 On Urgent Measures to Be Taken to Stabilize the Social and Economic Situation in Donetsk and Luhansk Oblasts.
You can check Bank code (MFO) and find more more details about the entity in the directory of the banks of Ukraine that is available on the NBU’s website at the link directory of the banks of Ukraine Some journalists do not use this code.
Please note that the use by the “central banks” of of so-called DPR and LPR of financial terms similar to those that are used by the Ukrainian banking system cannot be used as evidence confirming cooperation between these banks and the NBU.
The NBU Press Service underlines that speculations in this regard are unacceptable.