An overwhelming majority of 325 deputies voted to support the measures.
Kyiv:
Ukraine’s parliament on Thursday imposed sweeping 50-year sanctions on Russian financial institutions, including the central bank, all commercial banks, investment funds, insurers and other enterprises.
The sanctions are part of moves by Kiev to keep up financial pressure on Russia after its full-scale invasion of Ukraine on February 24 last year.
“This is a complete blockade of the Russian Federation’s financial institutions’ access to markets and assets in Ukraine,” Andrey Pishny, governor of the National Bank of Ukraine, said on Facebook.
“We must undermine it by all available means. It is the financial sector that is the strategic ‘donor’ of this war.”
An overwhelming majority of 325 deputies voted to support the measures, which are intended to last for half a century.
Economy Minister Yulia Sviridenko said the regional sanctions would affect hundreds of banks and thousands of financial institutions registered in Russia.
Svyrydenko said the measures include a ban on transactions in assets owned by financial institutions of the Russian Federation, a ban on establishing business relations, and a ban on transactions and investments.
Ukraine has already banned hundreds of Russian officials and businessmen, barred people linked to Russia from owning land and participating in state privatizations, and banned public purchases of Russian goods and some services , and suspended the transfer of technologies to those linked to Russia.
Ukraine has also been urging its Western partners to impose more sanctions on Moscow, including taking steps targeting Russia’s nuclear sector.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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