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Feb 24, 2022 · Today Treasury is imposing correspondent and payable-through account sanctions on Sberbank. Sberbank is uniquely important to the Russian economy, holding about a third of all bank assets in Russia. Sberbank is the largest financial institution in Russia and is majority-owned by the GoR.
• Treasury has added Russia’s largest bank, Sberbank of Russia, to the existing prohibitions on U.S. persons providing equity or certain long-term debt financing. In addition, we have tightened the debt financing restrictions by reducing from 90 days to 30 days the maturity period for new debt issued by the six Russian banks subject to this ...
Feb 28, 2022 · This morning, OFAC issued Directive 4, prohibiting U.S. persons from engaging in “any transaction involving the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russia Federation.”
Feb 7, 2023 · The U.S. Treasury Department will lift sanctions imposed on a former Russian Sberbank SBER.MM subsidiary that is now wholly owned by a Kazakh firm, its spokesperson and a U.S. official told...
Apr 6, 2022 · Today, Treasury is fully blocking Public Joint Stock Company Sberbank of Russia (Sberbank), which is uniquely important to the Russian Federation economy, holding about a third of all bank assets in Russia.
Apr 6, 2022 · These new OFAC measures now effectively cut off all of the designated banking units of Sberbank and Alfa Bank from having any contact whatsoever with U.S. financial institutions, regardless of whether such transactions would be in U.S. Dollars or in any other currency.
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Jun 12, 2024 · The US Treasury has rolled out a big expansion of its secondary sanctions programme on Russia, and will now treat any foreign financial institution transacting with a sanctioned Russian entity...
