The Verkhovna Rada of Ukraine supports the Presidential Decree on the application of economic sanctions against RF financial institutions

The Verkhovna Rada of Ukraine supports the Presidential Decree on the application of economic sanctions against RF financial institutions

The Verkhovna Rada of Ukraine has supported the Presidential Decree on the imposition of economic sanctions against financial institutions of the Russian Federation — deputy Yaroslav Zhelezniak.

"325 deputies voted in favour of the decree. 

The sanctions are imposed for 50 years. 

The restrictions will apply to all banks registered in the Russian Federation and other financial institutions providing services in Russia.

In particular, the Central Bank of Russia, non-bank credit organisations, payment system operators, professional stock market participants, insurance companies, investment funds, etc.