The European Union froze the assets of VTB, Otkritie and Sovcombank

In addition to banks, Russian shipbuilding and weapons companies fell under EU sanctions, including the Yantar and More shipbuilding plants,as well as the concern "Kalashnikov"

The European Union has expanded sanctions against Otkritie, VTB, Novikombank and Sovcombank, this is stated in the official journal of the EU. In accordance with the restrictions, their assets will be frozen, transactions with them will be prohibited. Previously, these banks were disconnected from the SWIFT system.

In addition to financial organizations, the EU sanctions included:

Arzamas machine-building plant; "Ruselectronics"; Tactical Missiles Corporation; concern "Kalashnikov"; "UEC-Klimov"; LLC "Military Industrial Company"; shipbuilding plant "More"; OOO Russian Machines; Concern "Constellation"; NPK "Engineering Technologies"; United Engine Corporation; shipyard "Yantar".

RBC sent inquiries to the press services of Otkritie, VTB, Sovcombank and Novikombank.

Also on the EU sanctions list were 216 individuals, including businessmen Oleg Deripaska, the HEAD of Sberbank German Gref, Ozone CEO Alexander Shulgin, Boris and Igor Rotenberg.

The EU imposed sanctions against Deripaska, Gref and 214 other Russians Politics

On April 8, the EU introduced the fifth package of sanctions against RUSSIA. The restrictions include bans on the import of coal from Russia and the entry of Russian-flagged ships into EU ports, as well as transport companies delivering goods from Russia or Belarus.

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In addition, the European Union introduced a complete ban on transactions with four "key Russian banks", which account for 23% of the Russian banking sector market (they were not listed at that time). “After disconnection from SWIFT, the assets of these banks are subject to a freeze, thus they will be completely cut off from the EU markets,” the European Council said in a statement. As part of previous restrictions, the EU disconnected seven Russian banks from SWIFT - these are VTB, Rossiya, Otkritie, Novikombank, Promsvyazbank, Sovcombank and VEB.RF.

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Sanctions against Russian financial organizations have become one of the measures of pressure on Russia after the start of the military operation in Ukraine. A spokesman for the US presidential administration said that the Russian banking system, after the sanctions were imposed, was waiting for a “free fall”. He pointed out that Moscow had become a pariah both financially and politically.

The head of the Central Bank of Russia, Elvira Nabiullina, after the imposition of sanctions, noted that the Russian financial system would continue to operate smoothly thanks to the Financial Message Transmission System, which "can replace SWIFT within the country." Russian Prime Minister Mikhail Mishustin on April 7, during a speech in the State Duma, said that the Russian economy should become independent, this will be the main response to anti-Russian sanctions.