14:12 01.11.2018

Preliminary assessment indicate lack of impact of Russian sanctions on Ukraine's macroeconomic stability - NBU

1 min read
Preliminary assessment indicate lack of impact of Russian sanctions on Ukraine's macroeconomic stability - NBU

The National Bank of Ukraine (NBU) does not expect that the sanctions imposed by the Russian Federation would considerably affect macroeconomic stability of the country.

"How will this affect the macrofinancial stability? I want to believe in no way. Most of the sanctions are applied to natural persons, respectively, they relate to blocking non-cash funds, assets, and securities - everything that is on the accounts of banks in Russia. Considering that the list is mainly composed of people's deputies, 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, answering to the question of Interfax-Ukraine during the BEPSinUA forum in Kyiv.

At the same time, she added that the central bank will be able to provide a more serious assessment later, after a detailed analysis of the persons included in the sanction list.

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

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