Europe disclosed sanctions against Russia Russian news EN
application is determined with sanctions against Russia due to the recognition of the independence of the Donetsk and Lugansk People’s Republics (DNR and LNR), writes TASS with reference to bloombergwhose sources revealed Brussels’ goals.
There are two banks: “Russia”, which is the main bank of the defense complex Promsvyazbank, as well as the state corporation “VEB.RF”.
Since 2014, Bank Rossiya has been under US sanctions imposed after the annexation of Crimea to Russia. Promsvyazbank, founded by brothers Dmitry and Alexei Ananiev, was sent to the Central Bank for reorganization at the end of 2017, after which it became the main bank of the defense complex and was transferred to the ownership of the Federal Property Management Agency.
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VEB.RF has the status of a state corporation, as well as a development bank, and is engaged in financing the most significant projects, including infrastructure projects. In addition, the organization can dispose of the funds of the National Welfare Fund (NWF) after it overcomes the milestone of seven percent of Russia’s GDP, and its management company invests the funded part of the pensions of “silent people” who refused to transfer their funds to non-state pension funds.
On the evening of the President on February 21, Vladimir Putin approved decrees recognizing the independence of the Donetsk and Luhansk People’s Republics. On February 22, this decision was ratified by both houses of the Russian parliament, as well as by a deputy of the republic.