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Washington imposed new sanctions on Russia's Gazprombank that prevent the state-controlled lender from handling any new energy-related transactions that touch the U.S. financial system. The U.S. also targeted around 50 other Russian banks and the Bank of Russia's System for Transfer of Financial Messages (SPFS).
Russia’s third-largest bank, Gazprombank, and its subsidiaries were hit with U.S. sanctions Thursday, making it the largest bank not already targeted as the Russia-Ukraine war nears the three ...
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.
In November, the US sanctioned Gazprombank, the last major Russian financial institution exempt from such restrictions. The bank handles major international transactions, including those from the ...
Gazprombank Suisse, which employs around 80 people, declared in October 2022 that it was ceasing trading. [27] In 2023, four bankers at Gazprombank's Swiss branch have been accused of helping Sergei Roldugin, and by extension Vladimir Putin circumvent financial regulations and sanctions placed on Russia following the 2022 Russian invasion of ...
Ukraine is urging the U.S. and the EU to sanction a major Russian bank, Gazprombank, that still operates freely due its role in natural gas sales to Europe.
Russia sanctioned 43 Canadian citizens on June 27, 2022, barring them from entering the country in a tit-for-tat response to Western sanctions on Moscow. [149] Moscow barred entry to 62 Canadian citizens in response to another expansion of anti-Russian sanctions by Ottawa, the Russian Foreign Ministry said in its statement on August 5, 2022.
Friday's move followed U.S. sanctions in November on banks including Gazprombank, Russia's largest conduit to the global energy business, and earlier last year on dozens of tankers carrying ...