CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle, 4th floor, 7-Cooperage Road, Mumbai – 400 001.
Tel : 91-22-22021288, 22021330 Fax : 91-22-22026684.
E-mail : info@chemexcil.in
Website : http://www.chemexcil.in
EPC/LIC/CIS/BANKING 29th March 2022
ALL THE MEMBERS OF THE COUNCIL
CIS
Unilateral Sanctions Imposed on Russian Bank (Sberbank) by Third Countries
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Dear Members,
We have received communication from Under Secretary, FT(CIS), Department of Commerce regarding subject matter.
We understand that the Department of Commerce (DoC) has received Note Verbale ( NV) dated 14.03.2022 from Embassy of Russian Federation along with a list of explanations on unilaterally imposed sanctions on the largest lender Sberbank which has a branch in India.
EPC’s have been advised to share the same with stakeholders for their information and necessary action.
Therefore, concerned Member-exporters are requested to take note of the enclosed communication and proceed accordingly.
Feed-backs, if any, may be sent to us on e-mail id’s- dg@chemexcil.in, pw@chemexcil.in, rodelhi@chemexcil.in for records/ further deliberations, if required.
Thanking you.
Yours faithfully
Deepak Gupta
Acting Executive Director
CHEMEXCIL
https://chemexcil.in/uploads/files/MX-M452N_20220325_194131-29.3.22.pdf
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