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Reuters
Reuters
Business

Ukraine imposes 50-year sanctions on Russian financial sector

A general view of Moscow International Business centre also known as Moskva City, just after sunset in Moscow, Russia March 19, 2022. REUTERS/Maxim Shemetov

Ukraine's parliament imposed sweeping 50-year sanctions on Thursday on Russian financial institutions including the central bank, all commercial banks, investment funds, insurers and other enterprises.

The sanctions are part of moves by Kyiv to maintain financial pressure on Russia over its full-scale invasion of Ukraine on Feb. 24 last year.

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