LBCI

Ukraine imposes 50-year sanctions on Russian financial sector

World

23-02-2023 | 10:40

Share

Share

Ukraine imposes 50-year sanctions on Russian financial sector

2^min

Ukraine's parliament imposed sweeping 50-year sanctions on Thursday on Russian financial institutions including the central bank, all commercial banks, investment funds, insurers and other enterprises.

The sanctions are part of moves by Kyiv to maintain financial pressure on Russia over its full-scale invasion of Ukraine on Feb. 24 last year.

"It is a complete block on financial institutions of the Russian Federation accessing markets and assets in Ukraine. A complete block," Andriy Pyshniy, governor of the National Bank of Ukraine, said on Facebook.

"We should weaken it with all available means. It is the financial sector which is a strategic 'donor' of this war."

An overwhelming majority of 325 deputies voted to support the measures, intended to be in place for half a century.

Economy Minister Yulia Svyrydenko said the sectoral sanctions would affect hundreds of banks and tens of thousands of financial institutions registered in Russia.

The measures include a ban on transactions with assets owned by the Russian Federation's financial institutions, a ban on establishing business relations and a ban on transactions and investments in Russian financial institutions, Svyrydenko said.

Ukraine had already imposed sanctions on hundreds of Russian officials and businessmen, barred people linked to Russia from owning land and participating in state privatization, banned public purchases of Russian goods and some services, and suspended the transfer of technologies to people linked to Russia.

Ukraine is also urging its Western partners to impose more sanctions on Moscow, including taking steps that target Russia's nuclear sector.

Ukraine

Imposes

Sanctions

Russia

Invasion

War

Financial

Sector

Government

Economy

Investment

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

French envoy Le Drian says Lebanon faces "dangerous situation"

2026-05-21

French envoy Le Drian says Lebanon faces "dangerous situation"

EU slams Russian 'coercion' against Armenia: Spokesman

2026-06-01

EU slams Russian 'coercion' against Armenia: Spokesman

France charges four suspected of spying for China: Prosecutor

2026-02-05

France charges four suspected of spying for China: Prosecutor

Lebanon presidency denies media reports on Aoun-Trump meeting

05:53

Lebanon presidency denies media reports on Aoun-Trump meeting

Videos

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

Massive Israeli strikes hit South Lebanon under ceasefire conditions

2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Most read

24 hours

7 days

Month

Lebanon has not agreed to shortlist of countries that could verify Hezbollah's disarmament: Reuters

1

Lebanon has not agreed to shortlist of countries that could verify Hezbollah's disarmament: Reuters

Ali al-Taher hills: Between military confrontation and surrender scenario

2

Ali al-Taher hills: Between military confrontation and surrender scenario

Dispute between Lebanon’s prime minister and defense minister under discussion, sources say

3

Dispute between Lebanon’s prime minister and defense minister under discussion, sources say

Lebanon Cabinet approves fees on waste-generating products despite ministerial objections

4

Lebanon Cabinet approves fees on waste-generating products despite ministerial objections

A new force for Lebanon's south? The debate over who will monitor the next phase after UNIFIL

5

A new force for Lebanon's south? The debate over who will monitor the next phase after UNIFIL

Explosion rocks ammunition factory near Rome

6

Explosion rocks ammunition factory near Rome

Lebanon's defense minister apologizes to martyrs' families, vows to defend army's voice

7

Lebanon's defense minister apologizes to martyrs' families, vows to defend army's voice

Lebanon presidency denies media reports on Aoun-Trump meeting

8

Lebanon presidency denies media reports on Aoun-Trump meeting

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More