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- Sberbank and 42 of its subsidiaries, as well as Alfa-Bank and 6 of its subsidiaries, are now SDNs subject to full blocking sanctions.
sanctionsnews.bakermckenzie.com/us-issues-full-blocking-sanctions-on-sberbank-and-alfa-bank-new-and-amended-general-licenses-new-investment-ban-for-russia/US Issues Full Blocking Sanctions on Sberbank and Alfa-Bank ...
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Are Sberbank & Alfa-Bank SDNs subject to full blocking sanctions?
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Apr 7, 2022 · Both Sberbank and Alfa-Bank have been subject to more limited US sanctions since February 24, 2022. Further, on April 6, 2022 the US imposed blocking sanctions and designated as SDNs two daughters of Vladimir Putin, the wife of Sergey Lavrov, and a number of Russian Security Council members.
- Clyde & Co LLP
Apr 11, 2022 · On 6 April 2022, OFAC designated Public Joint Stock Company Sberbank of Russia (Sberbank), 42 Sberbank subsidiaries, Joint Stock Company Alfa-Bank (Alfa-Bank), six Alfa-Bank subsidiaries and five vessels owned by an Alfa-Bank subsidiary as SDNs.
- Sberbank and 42 Sberbank Subsidiaries
- Joint Stock Company Alfa-Bank, Six Subsidiaries, and Five Vessels
- Family Supporting The Russian President and Foreign Minister
- Russian Security Council Members and Putin Facilitators
- Sanctions Implications
- Implementing Expansive New Executive Order
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. Sberbank is the largest financial institution in Russia and is majority-owned by the Government of the Russian Federation (GoR). It holds the l...
OFAC is imposing full blocking restrictions on Joint Stock Company Alfa-Bank (Alfa-Bank), Russia’s largest privately owned financial institution and Russia’s fourth-largest financial institution overall. On February 24, 2022, OFAC identified Alfa-Bank as subject to prohibitions pursuant to Directive 3 under E.O. 14024, “Prohibitions Related to New ...
Katerina Vladimirovna Tikhonova (Tikhonova) and Maria Vladimirovna Vorontsova(Vorontsova) are daughters of Russian President Putin. Tikhonova is a tech executive whose work supports the GoR and defense industry. Vorontsova leads state-funded programs that have received billions of dollars from the Kremlin toward genetics research and are personally...
The Security Council of the Russian Federation, chaired by President Putin and composed of members he appoints, is a key national security body in Russia that determines and executes Russia’s foreign policy, including its unprovoked war of choice against Ukraine. Pursuant to E.O. 14024, the United States has sanctioned a number of members of Russia...
As a result of today’s action, all property and interests in property of the persons above that are in the United States or in the possession or control of U.S. persons are blocked and must be reported to OFAC. In addition, any entities that are owned, directly or indirectly, individually or in the aggregate, 50 percent or more by one or more block...
Today President Biden is issuing E.O. of April 6, 2022, “Prohibiting New Investment in and Certain Services to the Russian Federation in Response to Continued Russian Federation Aggression,” to ban all new investment in the Russian Federation by U.S. persons, wherever located, as well as the exportation, reexportation, sale, or supply, directly or ...
Apr 7, 2022 · Sberbank and 42 of its subsidiaries, as well as Alfa-Bank and 6 of its subsidiaries, are now SDNs subject to full blocking sanctions. This is a significant departure given that both...
Apr 12, 2022 · The Treasury Department and OFAC also announced a significant escalation of the economic measures imposed on the Russian financial sector, including the imposition of full blocking sanctions on Sberbank and 42 subsidiaries, Alfa-Bank and 6 subsidiaries, and 5 Alfa-Bank-owned maritime vessels.
Apr 6, 2022 · Today, the White House announced additional sanctions against Russia, including: Full blocking sanctions on Sberbank and Alfa Bank. Sberbank is Russia’s largest financial institution and holds almost one-third of Russian banking assets, and Alfa Bank is Russia’s largest privately owned financial institution.
