Personal special economic and other restrictive measures (sanctions) due to annexation of Crimea and aggression in Donbas enforced by Ukrainian President Petro Poroshenko on September 16 under the decision of the National Security and Defense Council of Ukraine dated September 2, 2015 have been applied to 29 Russian banks, including Bank of Moscow, which has a 100% subsidiary in Ukraine – BM Bank (Kyiv), and Gazprombank (Moscow) which issued credits to large Ukrainian enterprises.

According to the document the following sanctions are applied to them: blocking of assets and the halt of fulfillment of economic and financial liabilities.

This concerns the temporary restriction of the banks' right to use and manage its assets and the ban to issue credits, loans, financial aid, provide guarantees, issues credits via purchase of securities and buy securities.

As reported, Gazprombank earlier provided credits to national joint-stock company Naftogaz Ukrainy and fertilizer producers of Dmytro Firtash's Ostchem, which have not yet been repaid.

The list does not include Ukrainian banks with Russian capital. In July 2015, the National Commission for Securities and the Stock Market of Ukraine revoked the stock market operation licenses for five banks with Russian capital: Prominvestbank (97.85% belongs to Russia's Vnesheconombank), VTB Bank (99.97% is held by Russia's VTB Bank), Subsidiary Bank Sberbank of Russia, VS Bank and BM Bank.