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article imageUkraine bans Russian banknote with Crimea image

By AFP     Oct 13, 2017 in Politics

Ukraine said on Friday it was banning a new Russian banknote showing an image of the Crimean peninsula that Moscow annexed in 2014.

The announcement came one day after Russia unveiled a new note worth 200 rubles ($3.50) featuring a naval memorial in the city of Sevastopol -- the base of Russia's Black Sea Fleet -- and UNESCO-protected Greek and Roman ruins at nearby Chersonesus.

The green design also includes a map of the scenic peninsula.

The National Bank of Ukraine (NBU) said the ban covered all Russian banknotes showing "maps, symbols, buildings, monuments" and other objects "based in Ukrainian territories occupied by Russia".

The NBU statement said the ban would go into effect next Tuesday.

Russia on Thursday presented two new notes -- the second one worth 2,000 rubles -- whose images were chosen after a national competition held last year.

Central Bank of Russia chief Elvira Nabiullina insisted the new images would "not harm the position of the ruble in any way."

But Kiev's response means the 200 ruble note will not be converted into local currency by Russians who travel to Ukraine.

By putting images of Crimea in the nation's wallets, Russia is capitalising on the wave of patriotism prompted by the peninsula's annexation in March 2014.

Kiev views Crimea's annexation and an insurgency that broke out in its eastern industrial regions in April 2014 as Moscow's retribution for Ukraine's decision to pull out of Russia's historic orbit.

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