A procedure could be initiated to replace the management of the Ukrainian subsidiaries of foreign banks still operating in Russia, according to a report The National Bank of Ukraine (NBU) has developed a mechanism that would pressure international banks with subsidiaries in both Ukraine and Russia to abandon the latter, the outlet Strana.ua reported on Monday. According to a letter from the NBU at the outlet’s disposal, if a foreign bank does not shut down its business in Russia, the Ukrainian regulator would be entitled to take over management of the Ukrainian subsidiary of such a bank. The report indicated that
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