The banks are compiling, and then sending it to supervision, a list of deposits exceeding 100 thousand euros held by Russian citizens or individuals resident in Russia, “or by legal persons, entities or bodies” established in the country. It is one of the measures envisaged by the European Union sanctions mechanism for Russia following the invasion of Ukraine according to which this list will be updated every 12 months.
In the substantial measure launched by Brussels in recent days, there are numerous prohibitions and obligations for credit institutions in order to isolate the financial system of Moscow.
In these hours, the banking groups are evaluating the measures, also on the basis of an ABI circular sent to the associates. The measures also include the prohibition (with some exceptions) of new loans and accepting new deposits above 100 thousand euros to Russian citizens or companies or persons established in the country as well as the stop to investment services and trading of securities or the money market issued afterwards. on 12 April 2022. (ANSA).
Source: Ansa
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