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Treasury imposes sanctions on Russian banks, financial officials

Russia's third-largest bank, Gazprombank, and its subsidiaries were targeted by U.S. sanctions on Thursday, making them the largest banks yet to be targeted as the Russia-Ukraine war approaches its third year.

of new sanctions These organizations are part of the Treasury Department's Office of Foreign Assets Control and targeted over 50 “internationally connected” Russian banks, over 40 Russian securities registrars, and 15 Russian financial officials. I'm doing it.

Treasury Secretary Janet Yellen said Thursday's sanctions would “further weaken and degrade” Russia, which remains at war with Ukraine.

“This far-reaching measure will make it harder for the Kremlin to circumvent U.S. sanctions and fund and equip its military,” Yellen said in a statement. “We will continue to take decisive action against any financial channels used by Russia to support its illegal and unprovoked war in Ukraine.”

The sector attacked Gazprombank Corporation and six of its foreign subsidiaries. The Treasury Department said the company is a “conduit” for Russia to purchase military supplies and make payments to soldiers and families of those killed in combat. The company has already faced sanctions from Australia, Canada, New Zealand and the United Kingdom.

The agency has also issued two licenses allowing U.S. citizens to “curtail transactions” involving Gazprombank.

A warning has been issued to foreign financial institutions participating in Russia's financial message transfer system that “highlights sanctions risks” and financial institutions affiliated with the system could be designated as operating in the Russian economy. .

The ministry also sanctioned 50 “small and medium” Russian banks to prevent Russia from “exploiting the international financial system” for war purposes.

The ministry also targeted more officials from the Central Bank of the Russian Federation on Thursday. This includes those promoting alternative financial channels to pay for Russia's “much-needed equipment and technology.”

Sanctions were also imposed on four Russian nationals who worked in Russia's financial sector. Among them is Andrei Anisimov, deputy managing director of Sberbank New Delhi. Three members of VTB Shanghai were sanctioned, including Elena Fedokina, Ilya Lyshchenko and Roman Rogoff.

The sanctions come after President Biden authorized Ukraine to use U.S.-supplied missiles to further attack Russia, as North Korean troops enter the battlefield to support Moscow. Ta.

National Security Adviser Jake Sullivan said the sanctions would “further constrain” Russia's use of the international financial system and that the United States “continues to use every means possible” to impose and enforce sanctions against Russia. said.

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