NBU may initiate sanctions against Russia’s Sberbank

"If this information is confirmed, the NBU at a meeting of the NSDC [National Security and Defense Council] will initiate the issue of imposing sanctions on the subsidiary bank of Sberbank of Russia in Ukraine - PJSC Sberbank," reads a report. As reported, according to Article 5 of the Law of Ukraine "On Sanctions," a decision on imposing sanctions against individual legal entities is approved by the NSDC and is brought into effect by a decree of the President of Ukraine.