New Zealand imposes sanctions on Russian financial institutions

12:11 - 19.04.2022


April 19, Fineko/abc.az. New Zealand imposes sanctions on the largest Russian banks and financial institutions because of the situation in Ukraine.

ABC.AZ reports that the new list includes the Central Bank of Russia and the National Welfare Fund, as well as a number of other major financial institutions of the country.

The 18 entities designated under the latest round of sanctions are: Alfa-Bank, Bank Rossiya, Bank Otkritie, Black Sea Bank for Development and Reconstruction, Central Bank of the Russian Federation, Credit Bank of Moscow, Gazprombank, GenBank, Industrial Savings Bank, Novikombank, Russia Agricultural Bank, Russian National Commercial Bank, Russian Direct Investment Fund, Sberbank, Sovcombank, SMP Bank, Vneshekonombank, VTB.

These major institutions make up approximately 80% of Russia’s total banking assets.

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