US Sanctions Target Last Major Russian Bank, Gazprombank
TL;DR Summary
The US has imposed sanctions on Gazprombank, the last major Russian bank not previously blacklisted, due to its role in financing Russia's military efforts in Ukraine. This move targets Gazprombank and its subsidiaries, effectively cutting them off from global finance. The bank, crucial for gas transactions between Russia and Europe, had been spared earlier to maintain energy stability. However, shifting trade dynamics and Gazprombank's alleged involvement in military payments prompted the US to act, aiming to further weaken Russia's war capabilities.
- The US is ramping up sanctions by targeting the last major Russian bank not yet blacklisted Business Insider
- Treasury imposes sanctions on Russian banks, financial officials The Hill
- Watch Gazprombank Sanction by US Puts Gas Flows to EU at Risk Bloomberg
- US Treasury targets Russia's Gazprombank with new sanctions Reuters
- The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war The Associated Press
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