Sberbank: distribution of sanctions on the companies of the group Bank does not change the volume limitations

MOSCOW, December 22. The inclusion of controlled companies included in the group of Sberbank on the sanctions list of the USA does not change the scope and legal force applicable to the savings Bank sanctions. About it reported in a press-service of Sberbank.

“Existing since September 2014 sectoral sanctions to Sberbank at the same time apply to controlled Sberbank with a share of the company’s direct and indirect ownership of 50 percent or more,” – said the press service of the state Bank.

Sanctions Of Washington

The United States began to impose sanctions against Russia in connection with events in Ukraine and the reunification of the Crimea with Russia in March 2014. Under their action came a number of Russian banks and companies, as well as high-ranking officials, was prohibited the export of American goods, technologies and services to Crimea. American investment in the Peninsula, too, was outlawed. The sanctions had been extended and extended. Today, the US sanction list includes 87 names, 49 Russian companies, banks and organizations, and proclaimed the Donetsk and Lugansk people’s Republic and their structure.