U.S. Imposes New Sanctions on Gazprombank Amid Ongoing Russia-Ukraine Conflict

The U.S. Treasury sanctions Gazprombank and its subsidiaries as part of efforts to limit Russia's military funding and operational capabilities.

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Treasury imposes sanctions on Russian banks, financial officials

The Hill

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war

Associated Press

Biggest Remaining Unsanctioned Russian Bank Hit With U.S. Sanctions, Nearly Three Years Into War

Newsmax

US Targets Russia's Gazprombank With New Sanctions

Newsmax

Overview

A summary of the key points of this story verified across multiple sources.

In a strategic move against Russia, the U.S. Treasury has sanctioned Gazprombank, marking it as the largest non-targeted bank amidst the ongoing conflict in Ukraine. Treasury Secretary Janet Yellen emphasized that these sanctions are aimed at degrading Russia's military efforts and preventing the Kremlin from evading existing sanctions. The action follows President Biden's authorization for Ukraine to utilize U.S.-supplied missiles deeper inside Russia and includes sanctions on 50 Russian banks, securities registrars, and finance officials. This demonstrates the U.S.'s ongoing commitment to support Ukraine and limit Russia's financial resources for the war.

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