New Zealand imposes sanctions on 80% of Russia's banking system: to inflict economic and political losses

New Zealand supports the International Criminal Court's investigation into atrocities against Ukrainian citizens.

New Zealand has announced new sanctions against Russia's largest banks and financial institutions as part of the “government's response to Russia's invasion of Ukraine.” This is stated in a government statement.

Sanctions include: Alfa-Bank, Bank of Russia, Bank of Discovery, Black Sea Development and Reconstruction Bank, Central Bank of the Russian Federation, Moscow Credit Bank, Gazprombank, Genbank, Industrial Bank, Novikombank, Rosselkhozbank, Russian National Commercial Bank, Russian Direct Investment Fund, Russian Direct Investment Fund, Radkombank, SMP Bank, Vnesheconombank, VTB.

Thus, blocking measures were taken by:

  • three major public financial institutions, including the Central Bank of Russia, as well as a key sovereign wealth fund;
  • the eight largest banks;
  • seven other important banks linked to the oligarchs, Russia's defense sector and the annexation of Crimea.

According to Foreign Minister Nanai Mahuta, these are the main institutions that make up about 80% of Russia's total banking assets.

“These sanctions are aimed at imposing economic and political losses, in particular against organizations that finance the continuation of the invasion of Ukraine. With this latest round of sanctions, New Zealand joins countries around the world that have severely punished President Putin and the system of financing his illegal invasion, “said Mahuta. “We are deeply concerned by reports of brutality by Russian troops. New Zealand continues to condemn Putin's war and supports the International Criminal Court's investigation into atrocities against Ukrainian citizens,” she added./p>

Based on materials: ZN.ua

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