KYIV, Feb 22 – The National Security and Defense Council (NSDC) and President Volodymyr Zelensky supported proposals made by the National Bank of Ukraine (NBU) to apply sectoral sanctions against all banks registered or located in Russia, including the Central Bank of the Russian Federation, insurance companies and other nonbank financial institutions.

President decree No. 89 dated February 22 on approval of the decision of the National Security and Defense Council adopted on the same day "On the application of sectoral special economic and other restrictive measures (sanctions) to financial institutions of the Russian Federation" was submitted for approval by the Verkhovna Rada.