Further new sanctions on Russian banks…28 Feb 2022 22:49
‘Delivering a statement in the House of Commons this afternoon, Ms Truss announced two new sanction areas, with one relating to banks and the other to exports.
She said: 'Today I can inform the House I will be laying two new pieces of sanctions legislation.
‘The first introduces a set of new powers against Russia’s financial sector.
‘It includes powers to prevent Russian banks from clearing payments in sterling. With over 50 per cent of Russian trade denominated in dollars or sterling, our coordinated action with the United States will damage Russia’s ability to trade with the world.
‘And as soon as this legislation comes into force, we will apply it to Sberbank, Russia’s largest bank.
‘I will also be imposing a full asset freeze on three further banks, VEB, Russia’s national development bank, Sovcombank bank, the third largest privately owned financial institution in Russia, and Otkritie, one of Russia’s largest commercial banks.
We will bring in a full asset freeze on all Russian banks in days, looking to coordinate with our allies.’‘
So do EUA bank with any of the above - those new sanctioned banks are not Russian state banks I believe .
IMHO DYOR GLA