WASHINGTON -- The United States on Monday imposed sanctions on a Russian bank which it claimed has business ties with a designated Venezuelan state-owned oil company, the latest move to drain off financial support for President Nicolas Maduro's government. The U.S. Treasury said in a statement...
The Treasury put sanctions on Agrosoyuz Commercial Bank for facilitating a transaction on behalf of Han Jang Su, the Moscow head of Foreign Trade Bank, North Korea’s primary foreign exchange bank. It also placed Ri Jong Won, deputy head of FTB in Moscow, on its list of sanctioned individua...
The source close to SPP said the issue affected other buyers in Europe as well, including countries in the Balkans, as banks were not willing to send payments to Gazprombank, and there was no grace period for the U.S. sanctions.
On Thursday, following Russia’s invasion of Ukraine, the Biden administration imposed sweeping sanctions on Russian banks, energy and infrastructure companies, and a number of individual Russian elites. The US Department of the Treasury provided the full listin a press release, which divided sanction...
Implications of US Sanctions on Russian Oligarchs and Their BusinessesJohn P. Barker
on behalf of the Central Bank of the Russian Federation, National Wealth Fund of the Russian Federation or the Ministry of Finance of the Russian Federation. The sanctions also ban any foreign financial firm from sending U.S. dollars to the Russian central bank, finance ministry and wealth ...
New sanctions on Russian entities across sectors The new sanctions target the following sectors of the Russian economy: Financial infrastructure:OFAC designated nine Russian banks,[2][3]and six Russia-based financial technology companies.[4]OFAC also designated the state-o...
The European Union has announced the removal of seven Russian banks from the SWIFT interbank messaging network. The list includes VTB, Bank Otkritie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank, and VEB. Several other Russian banks, slapped with western sanctions, were not affected by ...
Russian banks “will continue to do transactions unless and until we actually put direct sanctions on oil and gas,” said Toomey, who added that sanctions should also be placed on financial institutions that continue to do business with their Russian counterparts. ...
US Announces More Sanctions Over Russian Gas Pipeline More WASHINGTON (AP) — The State Department sought Monday to keep up pressure on Russia over that country's U.S.-opposed Nord Stream 2 pipeline, sanctioning what the U.S. said was a Russia-linked company and ship working on the projec...