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The European Union has imposed and announced various sanctions against Russia in the last few weeks. Follow the latest news on the sanctions and their impact on the financial sector, payments and the economy. We will update this page on a regular basis.
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On 8 April 2022, the European Union imposed new sanctions against Belarus and Russia. As this is an extraordinary situation, we are providing a brief explanation in this news release. Below, we discuss the sanctions in force at the time of posting of this news release.
DNB and the AFM jointly inform you about the state of affairs regarding the European sanctions. This news item only relates to new sanctions and/or changes to existing sanctions regimes concerning the situation in Ukraine.
You must report all sanctions list hits to DNB. We have found that supervised institutions do not report everything. For the sake of clarification, we give some examples of hits that you must report to us.
The latest figures available from DNB show that the Dutch financial sector had a direct exposure to Russia of approximately €11.4 billion in the fourth quarter of 2021.
DNB and the AFM jointly inform you about the state of affairs regarding the European sanctions. This news item only relates to new sanctions and/or changes to existing sanctions regimes concerning the situation in Ukraine.
Many institutions and security providers warn of an increased cyberthreat to Western vital organisations from sophisticated Russian hackers. Dutch financial institutions also rate the threat in their sector as increased, and are attentive to developments. No attacks have yet been observed, but increased threat monitoring remains necessary.
On 9 March 2022, the European Union imposed new sanctions against Belarus and Russia. As this is an extraordinary situation, we are providing a brief explanation.
The European Union has imposed a range of financial sanctions against Russia in the last few days. An overview of the various sanctions.
DNB & the AFM jointly inform you about the state of affairs regarding the European sanctions against Russia. This news item only relates to new sanctions and/or changes to existing sanctions regimes concerning the situation in Ukraine.
What should banks, insurers, trust offices and other financial institutions do now that so many sanctions have been imposed? And is this process monitored? We will provide an overview below.
On 28 February and 2 March 2022, the EU imposed new sanctions against Russia. As this is an extraordinary situation, we are providing a brief explanation in this news release. Below, we discuss the sanctions in force on 4 March 2022 at the time of dispatch.
The European Union has decided to exclude several Russian banks from SWIFT. What is SWIFT, who does it belong to, and what are the consequences if banks are excluded from the system?
What are the obligations for complying with the Sanctions Act and what should you do if you encounter a hit?
DNB & the AFM jointly inform you about the state of affairs regarding the European sanctions against Russia. This news item only relates to new sanctions and/or changes to existing sanctions regimes concerning the situation in Ukraine.
FSB Chair Klaas Knot today spoke about the effects of the sanctions measures on financial stability in an interview on BBC Radio 4. Click on the link to listen to the recorded interview, which starts from 1:18:00.
The European Union has imposed a range of financial sanctions against Russia in the last few days. An overview of the various sanctions.
The European Union imposed sanctions against the Central Bank of Russia on 28 February. As a result, the Russian central bank can no longer access its assets at private institutions and central banks in the European Union. Other countries have imposed similar sanctions against Russia. How do these sanctions work and what are the consequences?
DNB & the AFM jointly inform you about the state of affairs regarding the European sanctions against Russia. This news item only relates to new sanctions and/or changes to existing sanctions regimes concerning the situation in Ukraine.
The European Union has imposed a range of sanctions on Russia. What are financial sanctions, what are the consequences of these sanctions for the Netherlands and how does the war affect our economy? Read our answers to the main questions.
On 23 February 2022, the European Union imposed new sanctions against Russia. As this is an extraordinary situation, we are providing a brief explanation in this newsletter. Below, we discuss the sanctions in force on 24 February 2022 at the time of dispatch.
DNB & the AFM jointly inform you about the state of affairs regarding the European sanctions against Russia. This news item only relates to new sanctions and/or changes to existing sanctions regimes concerning the situation in Ukraine.
The heightened international tensions can have an impact on financial institutions, according to De Nederlandsche Bank (DNB) in its supervisory strategy for 2025-2028 and in a study on the impact of geopolitical risks on financial institutions.
Read more Growing geopolitical risks impact financial sector
New European fiscal rules entered into force in April. Although more realistic, they are far-reaching, especially for high-debt countries. Whether they prompt Member States to reduce over-indebtedness will depend on compliance and enforcement.
Read more Under new European budget rules it is important to remain well below the 3% deficit limit
‘Monetary policy credibility does not come overnight. It has to be earned. Again and again.’ , said Klaas Knot in his speech at Koç University, Istanbul. He spoke about the need for independent central banks to face the challenges of our times.
Read more The mission of Gerard Vissering: why we need independent central banks
After the ECB's balance sheet grew substantially for years as a result of its government bond purchases and lending operations, it has been shrinking again for the past year and a half. This has consequences for the implementation of monetary policy.
Read more ECB adjusts operational framework as balance sheet normalises
