Russian shipping companies may struggle to pay for newbuildings at South Korean shipyards after authorities in Seoul sanctioned the warmongering country’s major banks.
South Korea will ban financial transactions with seven major Russian banks and their affiliates as part of its economic sanctions on the country, the finance ministry said late on Tuesday.
Sanctioned are Sberbank, VEB, PSB, VTB, Otkritie, Sovcombank and Novikombank.
