The EC prohibited to conduct financial research for a number of banks of the Russian Federation

The EC prohibited to conduct financial research for a number of banks of the Russian Federation


In the document published on the website of the European Commission, explained that fall under the ban of the Russian company in the sanctions list of the European Union, in particular, Sberbank, Gazprombank, VTB, Vnesheconombank and Rosselkhozbank.

MOSCOW,22 Oct. The European Commission has banned European financial institutions to carry out research for Russian companies targeted by the EU sanctions. This is stated in the document published on the website of the European Commission.

It States that European companies do not have the right directly or indirectly to provide to the Russian companies from the sanctions list management services investments.

Fall under the ban of Sberbank, Gazprombank, VTB, VEB and Rosselkhozbank.

In addition, the ban also applies to investment Advisory services.

“Despite the fact that the release studies formally considered the provision of consulting services, he, in essence, is an indirect advice”, — stated in the material.