• Bankers have considered the impact of the new EU sanctions void

  • A new package of EU sanctions will not affect the work of Russian banks, because they can't borrow on the Western markets for several months. About the Agency ITAR-TASS said two sources close to those sanctioned by credit institutions.

    "In fact, borrowing became inaccessible to us back in March, when the background of the situation in Crimea value of loans and currency was too high. So compared with July, the situation will not change for us," said one source. The second interviewee said that after July 31, imposed sanctions against the financial sector, the Bank was unable to raise funds even for one day. "Therefore, the reduction of time has no impact," said he.

    on 12 September the European Union has published a list of Russian companies against which imposed new sanctions. Under the constraints has got the oil sector (company Rosneft, Transneft and Gazprom Neft) and defense ("Uralvagonzavod", "Oboronprom" and United aircraft Corporation).

    Also in the sanctions list last five Russian banks - Sberbank, VTB, Gazprombank, Vnesheconombank and the Russian agricultural Bank. Residents of the EU will not be able to provide them with loans, and to conduct operations with new issues of bonds and other securities with maturity more than 30 days. In the previous package of sanctions envisaged limitation on transactions with securities with a maturity of more than 90 days.

    http://lenta.ru

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