US Imposes New Sanctions on Dozens of Russian Financial Institutions
The sanctions affect Russia’s largest remaining unsanctioned bank, Gazprombank, a major channel for Russian fossil fuel purchases.The United States introduced sanctions on Nov. 21 against nearly 100 Russian financial institutions and 15 individuals in hopes of further constraining Moscow’s ability to wage war in Ukraine.
The Treasury Department listed 54 Russian banks and 41 securities registrars for sanctions.
The sanctions also target 11 Russian officials who work for the Central Bank of the Russian Federation (CBR), three members of the Shanghai branch of Russia’s VTB Bank Public Joint Stock Co., and the deputy managing director of the Russian Sberbank’s New Delhi branch.
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The sanctions come as President Joe Biden’s administration (Joe probably knows nothing about it) has moved to provide Ukraine with as much financial and military support as it can before Biden’s term ends in January and of course, driving us closer to World War III.
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