Russian sanctions to have no impact on Ukraine's macroeconomic stability, National Bank deputy chief says

The National Bank of Ukraine (NBU) does not expect the sanctions imposed by the Russian Federation to have considerable impact on the country's macroeconomic stability.

"How will this affect the macrofinancial stability? I want to believe in no way. Most of the sanctions hit individuals, therefore, they are about blocking non-cash funds, assets, and securities - everything that is on the accounts of the Russia-based banks. Given that the list is mainly includes the lawmakers, state officials, I want to believe that they do not keep money in Russia after the Russian military aggression. If we talk about legal entities, there is only Bank Credit Dnepr among the banks. Again, I hope that the bank does not have any operations with the Russian Federation," First Deputy Governor of the NBU Kateryna Rozhkova said at BEPSinUA forum in Kyiv, Censor.NET reports citing Interfax-Ukraine.

She also added that the central bank will be able to provide a more profound assessment later, after a detailed analysis of the persons included in the sanction list.

Speaking about possible countermeasures, Rozhkova recalled that Ukraine imposed sanctions against the Russian Federation in 2017.

As reported, Russian Prime Minister Dmitry Medvedev signed a decree imposing "special economic measures" on 322 Ukrainian nationals and 68 Ukrainian companies on Nov. 1, 2018.

Источник: https://censor.net.ua/en/n3094561