The head of the German Finance Ministry announced an almost complete blockade of Russian banks

The work of Russian banks is almost completely blocked by EU sanctions due to Russia's military operation in Ukraine, the transactions of German companies with RUSSIA are practically stopped, said German Finance Minister Christian Lindner. The video was posted on Twitter by the German Ministry of Finance.

“There is already a complete blockade of Russian banks. Thus, business traffic with Russian enterprises is practically blocked. In some cases, transactions are still possible. For example, to pay for gas supplies, so that German companies can make transfers to their subsidiaries in Russia,” Lindner said.

According to him, further sanctions steps are possible, during the negotiations all possible steps are considered. “But you need to think about their impact, so that the consequences come specifically for the Russian economy,” the minister added.