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    Two Russian banks to be exempt from EU sanctions

    It has been rumoured that two Russian banks are to be exempt from EU sanctions because they relate to “transactions regarding the supply of energy to the EU.” The Polish Prime Minister immediately referred to the situation and pointed out that such behaviour was unacceptable.

    “Two Russian banks, Sberbank and Gazprombank, have been exempted from EU sanctions because they are involved in energy transactions in the European Union,” a senior EU official told the Brussels correspondent. 

     

    Sberbank is Russia’s largest lender in terms of assets, and Gazprombank is involved in the development of Russia’s energy sector.

     

    Polish Prime Minister referred to the situation pointing out that such behaviour was unacceptable.

     

    “Sberbank and Gazprombank are supposed to be exempt from EU sanctions due to their status as ‘transactions regarding the supply of energy to the EU’. This is unacceptable. Poland demands sanctions to fully encompass all Russian entities via which the war is being financed,” wrote Prime Minister Mateusz Morawiecki on Twitter. 

     

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