US Imposes Sanctions on Russia's Gazprombank Amid Ongoing Conflict
TL;DR Summary
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on Gazprombank, over 50 Russian banks, 40 securities registrars, and 15 finance officials to limit Russia's access to the international financial system amid its ongoing war in Ukraine. The sanctions aim to disrupt Russia's financial channels used to support its military efforts. OFAC also issued an alert about the risks of joining Russia's System for Transfer of Financial Messages (SPFS), which is used to evade sanctions. The move aligns with G7 commitments to further isolate Russia economically.
- Treasury Sanctions Gazprombank and Takes Additional Steps to Curtail Russia’s Use of the International Financial System Treasury
- The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war The Associated Press
- US targets Russia's Gazprombank with new sanctions, Treasury website shows Reuters
- US Sanctions Gazprombank and Russian Banks Over Ukraine War Bloomberg
- US hits Russia’s Gazprombank with sanctions Financial Times
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