Fearing financial collapse, Kyiv did not dare to impose sanctions on the Russian “daughter” of Sberbank
Ukrainian experts argue that Ukraine simply did not risk imposing sanctions on the subsidiaries of Russian banks for fear of extremely negative consequences for itself.
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Anton Soroko, an analyst at the FINAM investment holding, told the Kyiv newspaper Vesti about this.
“Any sanctions actions against Russian banks are fraught with the collapse of the Ukrainian banking sector due to the paralysis of a significant market share, a liquidity crisis and the outflow of depositors,” the expert noted. – Using such an argument in the issue of repaying the country’s sovereign debt can hardly be productive - the damage, first of all, will be caused to the economy of Ukraine, not Russia. Since for domestic banks, Ukrainian subsidiaries constitute a minor source of income, and for most of them excess reserves have already been created.”
Let us remind you that the Ukrainian sanctions did not include the subsidiaries of Sberbank of Russia, VTB Bank, Alfa-Bank and Vnesheconombank (Prominvestbank).
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