Russians are banned from running Ukrainian financial companies.
Friday, May 6, 2022

Russians are banned from running Ukrainian financial companies.

 The National Bank has prohibited citizens or residents of the Russian Federation from participating in managing insurance, financial, and other non-banking institutions in Ukraine. More specifically, the regulator banned citizens and residents of the Russian Federation as well as Russian companies that own significant shares (from 10%) of such businesses, from participating in the management of insurance, leasing, financial, factoring, and other companies in the non-banking sector. They are also prohibited from directly or indirectly exercising their voting rights as shareholders. Such bans will apply until the abolition or termination of martial law in Ukraine.

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