U.S. Sanctions Gazprombank
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Russian banksReuters
•US Treasury targets Russia's Gazprombank with new sanctions
75% Informative
The move effectively kicks Gazprombank out of the U.S. banking system, bans their trade with Americans and freezes their assets.
The Treasury also imposed sanctions on 50 small-to-medium Russian banks to curtail the country's connections to the international financial system and prevent it from abusing it to pay for technology and equipment needed for the war.
The sanctions were imposed under a Biden executive order.
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