Russian banks answered how they will operate under new British sanctions

Blacklisted people

UK government expanded sanctions “For actions that threaten Ukraine’s territorial integrity, sovereignty or independence.” In particular, restrictions were imposed on Oleg Tinkov, the founder of Tinkoff Bank, and German Gref, the head of Sberbank.

In addition, envoys were sanctioned by Yury Trutnev, Deputy Prime Minister and presidential envoy of the Far Eastern Federal District, the federal districts of the Northwest, Urals, Volga and Siberia Alexander Gutsan, Vladimir Yakushev, Igor Komarov and Anatoly Seryshev.

Among others, Polina Kovaleva, a Russian citizen living in London, was on the black list. British authorities said there was “sufficient reason to suspect” that Kovaleva was linked to Russian Foreign Minister Sergei Lavrov. TASS writes that the British Foreign Office is looking for Lavrov’s stepdaughter. Britain accepted the sanctions against Lavrov on 11 March.

Sanctions were also imposed on existing and relevant persons. about. Ukrainian Melitopol Mayor Galina Danilchenko, Deputy Minister of Defense of the Russian Federation General Dmitry Bulgakov, businessman Yevgeny Shvidler.

Blacklisted banks

Under the new British sanctions were Gazprombank, Rosselkhozbank, Alfa-Bank, SMP Bank, Ural Bank for Reconstruction and Development.

Rosselhozbank declarationHe said that the sanctions will not affect the company’s work in any way because it focuses on activities inside Russia. “The UK has sanctioned the RSHB – how does this affect the work of the bank? Not possible. The RSHB has no UK presence; “The bank’s activities are concentrated on the territory of Russia,” he said.

Alpha Bank delivery, will continue to operate as usual, but will temporarily close the transfer of payments to the UK. “We are working as usual. In Russia, purchases with Visa, Mastercard, Mir pass without restrictions, transfers go, the application works quickly and reliably. The only restriction is that we temporarily suspend agreements with counterparties in the UK,” he said.

Alfa-Bank continues to accept payments in rubles and other currencies worldwide, around the clock, outside the British region. Currency conversions with all international payments and currencies (except British pounds) are done without delay.

Gazprombank also promiseIt was stated that the new sanctions will not affect the work of the bank. “All obligations to customers are fully fulfilled. All individuals and legal entities – Bank customers have continuous access to funds and all services, including payment cards.

The company suspends all payment transactions to British counterparties – individuals and legal entities. This is done “to ensure the safety of our customers’ funds.”

tinkoff reportedHe said that the inclusion of businessman Oleg Tinkov on the sanctions list did not affect the bank because he does not hold any positions at the company and is not a board member. “The sanctions affect Mr. Tinkov as a private individual. <...>. These sanctions do not affect the activities of Tinkoff Group and Tinkoff Bank.

Blacklisted companies

Sanctions were imposed on Russian Railways, Sovcomflot group of companies, RusHydro, ALROSA group of diamond mining companies, Salavat Chemical Plant, Russian export credit and investment insurance agency, enterprises of the Russian military-industrial complex and electronics manufacturers.

Restrictions extended to PMC Wagner. British Prime Minister Boris Johnson has previously said the UK should impose sanctions on Wagner to increase pressure on Russia.