Britain imposes sanctions on Russia’s Novikombank

LONDON (Reuters) – Britain added Russia’s Novikombank to its Russia sanctions regime on Friday.

According to the government’s sanctions list, it imposed a “prohibition on correspondent banking relationships and processing payments” on Russian lender Novikombank.

The bank is also subject to an asset freeze.

Britain said Novikombank was “involved in obtaining a benefit from or supporting the government of Russia”.

Novikombank said the sanctions would not affect its operations in any way.

(Reporting by Sarah Young; Editing by Kylie MacLellan and Jan Harvey)