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Alfa-Bank Ukraina renamed “Sense Bank” amid Russia’s invasion and seizure of assets

“Alfa-Bank Ukraina” was renamed “Sense Bank” in March 2022, shortly after Russia’s full-scale invasion of Ukraine began. At the same time, its main owners were excluded from the management of the bank.

As businessmen close to the Russian government, Aven and Fridman have been sanctioned by the European Union and Ukraine. In May 2022, Ukraine announced the seizure of Fridman’s assets worth 420 million US dollars, which were kept in “Alfa-Bank Ukraine”.

The Central Bank of Ukraine stated that “Sense Bank” will be under state management until the end of martial law in Ukraine. Then it can be privatized.

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2023-07-21 21:40:03
#Ukrainian #government #nationalizes #Avens #Sense #Bank

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