All Sberbank offices in Ukraine earlier blocked by radicals, including in Kiev and Zaporozhye, have restored normal operations.

 

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“All offices opened on time and operate as usual,” the source said, adding that Sberbank’s office in the city of Lutsk in the Volyn region also operates as per normal despite an overnight attack by unidentified people.

 

In January 2017, Ukrainian radicals attacked local offices of subsidiaries of Russian banks in the country as they pitched tents in front of the building and made bonfires. On March 16, Ukrainian President Pyotr Poroshenko imposed one-year sanctions against five banks with Russian state capital operating on the Ukrainian market. Restrictions were introduced against Sberbank, VS Bank, Prominvestbank, VTB Bank and BM Bank for one-year period. Sanctions include a ban on withdrawal of funds outside of Ukraine, as well as payment of dividends, interest, return of interbank deposits and loans, funds from correspondent accounts of subordinated debt. The ban also concerns distribution of profits and capital of these five banks. Ukraine’s National Bank said then that all lenders with Russian capital operating in the country negotiated potential sale transactions. Russian credit organizations later confirmed those plans.

 

Earlier this week Sberbank said it had signed an agreement on selling 100% of shares in its Ukrainian affiliation to a consortium comprising a Latvian bank and a Belarusian company.

 

 

 

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