Global Trade Alert
Global Trade Alert

United Kingdom: Government introduces sanctions on five Russian banks due to violation of Ukraine’s sovereignty

Announcement

22 Feb 2022

In February 2022, the UK government introduced sanctions on a number of Russian banks as well as specific natural persons in response to the violation of Ukraine’s sovereignty.  

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

22 Feb 2022

Revocation date:

No revocation date

Controls on commercial transactions and investment instruments In force

On 22 February 2022, the UK government announced sanctions on five Russian banks in the form of an asset freeze. Banks that are subject to sanctions are Bank Rossiya, IS Bank, Genbank, Promsvyazbank, ...

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