Ukrainian “daughter” VTB: U.S. sanctions did not affect the company

Ukrainian “daughter” VTB: U.S. sanctions did not affect the company

A subsidiary of the Russian VTB Bank in Ukraine is continuing to function nominally and in a timely manner and in full compliance with its obligations to customers.

MOSCOW, 23 Dec. Ukrainian subsidiary of Russian Bank VTB, despite sectoral U.S. sanctions, continues to operate in normal mode, is spoken in the message of the credit organization.

“VTB Bank (Ukraine) continues to operate in normal mode, all client payments, including currency, are executed on time and in full, the Bank maintains a high level of liquidity and capital. These sanctions restrict only involvement in the Bank’s capital funds from the U.S. for a period of 30 days”, — stated in the message.

“The Bank timely and fully performs its obligations to clients and informs clients of VTB Bank (Ukraine) – both physical and legal entities – these restrictive measures by the US will not”, — stated in the message. Specifies that fixed assets the Bank engages in the country and enjoys the support of the parent organization.

On Tuesday it became known that the list of sectoral sanctions of the USA were added, Banco VTB Africa, “daughter” VTB in Kazakhstan, Armenia, Austria, Belarus and Ukraine; VTB 24, “VTB-insurance”, “VTB-leasing”.

In addition, the list includes “daughter” of Sberbank in Belarus, Ukraine, Kazakhstan, Switzerland, and “Sberbank-Capital”, Sberbank Europe, “Sberbank capital”, “Sberbank insurance”, and Sberbank investments “Sberbank-leasing”, non-state pension funds (NPF) Sberbank and VTB, as well as the online payment service “Yandex.Money.”