March 15, 2017 / 3:45 PM / 6 months ago

Ukraine imposes sanctions on Ukrainian arms of Russian state banks

KIEV, March 15 (Reuters) - Ukraine has imposed sanctions on the five Ukrainian subsidiaries of Russian state-owned banks, a senior central bank official said on Wednesday.

The restrictions ban the banks from taking money out of Ukraine, Kateryna Rozhkova, a deputy central bank chief, told journalists in a briefing.

Three Russian state-owned banks are among Ukraine’s top 20 and have a combined market share of 8.6 percent. (Reporting by Pavel Polityuk; Writing by Alessandra Prentice; Editing by Louise Ireland)

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