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Vnesheconombank logoMINSK, February 23The Belarusian bank BelVEB said that it is working normally, intends to follow its development strategy, despite the restrictions imposed by the United States. Earlier, the US Treasury imposed sanctions against the Russian financial institutions VEB and Promsvyazbank, as well as 42 of their subsidiaries. Treasury sanctions usually mean freezing assets in US jurisdiction and a ban on transactions for US individuals and legal entities. The US Department of the Treasury ordered American companies and individuals to complete transactions with the Russian bank VEB, which fell under new sanctions, by March 24, 2022. «The bank operates as usual, provides a full range of services for individuals and legal entities, and fully fulfills its obligations to customers and partners «, — says a message on the website of the Belarusian «daughter» of the Russian bank. It notes that «the imposition of sanctions imposes a number of restrictions on transactions in US dollars with counterparties in the territory of states that have announced sanctions or acceded to them.» «They will not affect operations within the country. All operations for servicing individuals are carried out in working order. Cards issued by the bank work without restrictions on the territory of Belarus and foreign countries,» the message says.The Ministry of Finance is monitoring the situation on the markets after the introduction of new US sanctions. «VEB.RF, which is a shareholder of BelVEB Bank, is certainly interested in the uninterrupted operation of the Belarusian subsidiary and, in order to minimize the consequences of the imposed sanctions, if necessary, will implement measures of financial support for BelVEB Bank,» the message says. Published: Vlada Kopylova