MOSCOW, Nov. 26 - The Central Bank of Russia announced it has banned several divisions of Ukrainian banks from doing business in Crimea and Sevastopol due to failure to honor liabilities to creditors or depositors.

The ban extends to isolated structural divisions of Kharkiv-based Golden Gate Bank and Kiev-based Neos Bank and Credit Agricole Bank.

"The termination of the activity of isolated structural divisions of the said credit institutions means that they are prohibited from conducting banking and other operations, except for operations connected with the transfer of assets and liabilities, on the territory of the Republic of Crimea and on the territory of the federal city of Sevastopol," the Central Bank said.