Ukraine central bank proposes sanctions on Russian-owned banks

The National Bank of Ukraine

The National Bank of Ukraine (NBU) has proposed the imposition of sanctions on five local banks that it describes as having Russian state capital, it announced on March 15.

The move follows a decision by Ukraine’s National Security and Defense Council, the NBU said. The imposition of sanctions is a further heightening of the central bank’s involvement in a growing Ukrainian political dispute over the civil war being fought between the Kyiv government and Russian-backed rebels in some of the cou