The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war
Source: AP
Updated 11:03 AM EST, November 21, 2024
WASHINGTON (AP) — Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday — in a move intended to curtail Russia’s ability to evade the thousands of sanctions imposed on the nation since the start of Russia’s invasion of Ukraine in February 2022.
Treasury Secretary Janet Yellen said the sanctions targeting Russia’s largest remaining non-sanctioned bank would further diminish Russia’s military effort and “will make it harder for the Kremlin to evade U.S. sanctions and fund and equip its military.”
In addition, more than 50 internationally connected Russian banks, 40 Russian securities registrars, and 15 Russian finance officials were hit with sanctions.
The move comes after President Joe Biden this weekend authorized Ukraine to use U.S.-supplied missiles to strike deeper inside Russia, easing limitations on the longer range weapons as Russia deploys thousands of North Korean troops to reinforce its war.
Read more: https://apnews.com/article/russia-ukraine-war-sanctions-treasury-5b5852a47a143be972f8afd4f8ee89cd
Link to Treasury Department PRESS RELEASE - Treasury Sanctions Gazprombank and Takes Additional Steps to Curtail Russia’s Use of the International Financial System
= new reply since forum marked as read
