07.09.2016 15:00
YEREVAN, September 6. /ARKA/. The US Treasury’s decision to blacklist Areximbank-Gazpormbank Group, the Armenian subsidiary of one of the largest Russian banks - Gazprombank - will not affect its operation, the Yerevan-based bank said today in a statement.
The US Treasury said on September 1 the new move aims at countering efforts by Russian entities to circumvent existing sanctions on individuals and companies. The Treasury stressed the need for Russia to abide by its commitments to the 2014 and 2015 Minsk agreements aimed at halting the fighting between Ukraine forces and pro-Moscow rebels in eastern Ukraine.
"Areximbank-Gazprombank Group executes all the orders of its individual and corporate clients, observing also all its obligations to depositors, investors and creditors,' the statement said.
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