US hits Russia’s Gazprombank with sanctions
US hits Russia’s Gazprombank with sanctions
22/11/2024 6:27

The US has imposed sanctions on Gazprombank, one of the few major Russian lenders not already blacklisted over Moscow’s invasion of Ukraine, in a move aimed at restricting the Kremlin’s ability to finance its war effort.

The listing announced on Thursday in effect bans state-owned Gazprombank, the main conduit for Russian energy payments, and its six international subsidiaries from the US-dominated global finance system.

Source: Financial Times

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