Russia`s Sberbank limits cash withdrawals in Ukraine

PJSC Sberbank has imposed restrictions on cash withdrawal through the bank`s cash desk in the amount of UAH 30,000 or the equivalent of this amount in foreign currency per day for any client, according to the bank`s press service.

The press office of Sberbank of Russia`s subsidiary in Ukraine said that temporary restrictions were caused by a disruption in a schedule of cash collection from branches and ATMs.

”In connection with illegal actions of third parties regarding the blocking of Sberbank`s main office, inflicting  physical damage to the bank`s ATMs, which resulted in disruption in a schedule of cash collection from branches and ATMs owned by the bank`s branch network, we inform you of the introduction from March 15, 2017 of temporary limitations for the issuance of cash from current accounts of individuals to the bank`s cash desk in the amount of UAH 30,000 (equivalent in other currencies) per day per customer,” the statement reads.

In addition, limits were also imposed on cash withdrawals from banking card accounts.

Earlier, Minister of Internal Affairs of Ukraine Arsen Avakov expected that the National Security and Defense Council on Wednesday, March 15, consider the issue of termination of operations of Sberbank of Russia`s Ukrainian subsidiary.

On March 14, the work of Kyiv-based main office of Sberbank was interrupted as a result of the entrance to the building being walled off with concrete blocks by a group of protesters demanding the bank`s closure.

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