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US Imposes New Sanctions on Dozens of Russian Financial Institutions

November 21, 2024 at 5:38 pm Staff
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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 U.S. 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, China, branch of Russia’s VTB Bank Public Joint Stock Company, and the deputy managing director of the Russian Sberbank’s  New Delhi, India, branch.
The United States has previously sanctioned CBR, VTB, and Sberbank.
“Today’s sanctions targeting Russia’s largest remaining non-designated bank, as well as dozens of other financial institutions and officials in Russia, will further diminish and degrade Russia’s war machine,” Treasury Secretary Janet Yellen said on Nov. 21….

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