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New US sanctions affect Russian banks, television stations

The US Treasury Department has announced new sanctions against Russia over its invasion of Ukraine.

The Office of Foreign Trade (OFAC) has named parties and individuals it says are important for Russia’s ability to wage war, including directors of two of Russia’s most important banks, a Russian state bank and its 10 subsidiaries. , a state-sponsored arms manufacturer, and three of Russia’s state-owned state-owned television stations, the ministry said in a statement.

OFAC is also taking action to block access to services used by the Russian Federation and Russian elites to evade sanctions.

“Today, we are further restricting Russia’s economy and access to the services and technology it needs to carry out this unwarranted invasion,” Finance Minister Janet L. Yellen said in a statement.

“Preventing Russia from gaining access to valuable US professional services increases the pressure on the Kremlin and reduces its ability to evade sanctions imposed by the United States and our partners. “We also look at Putin’s ability to generate revenue that enables his aggression, as well as those of his party and leaders who support his destructive actions.”

The sanctions include stopping Western advertising from Russia’s three largest and most popular television stations – Channel One Russia, Russia-1 and NTV – which the United States says has been at the forefront of spreading misconceptions about Russia’s invasion of Ukraine.

The sanctions also include banning US accounting and consulting firms from providing Russian services and other restrictions on Russia’s industrial sector.

Wealthy Russians have relied on US expertise to set up shell companies, transfer wealth and resources to other jurisdictions and conceal assets from authorities around the world, the Treasury said in a statement.

In addition, Russian companies, especially state-owned and state-owned companies, rely on these services to run and strengthen their businesses and generate revenue for the Russian economy, which helps finance Putin’s war machine.

The United States has also imposed sanctions on eight current and recent members of the Sberbank Commission, 27 executives of Gazprombank, a bank that facilitates the sale of Russian energy giant Gazprom, and Moscow Industrial Bank, a Russian state bank, along with 10 banks. subsidiaries. MIB has facilitated Russian intelligence, according to a statement from the Treasury.

The United States has also imposed some 2,600 visa restrictions on Russian and Belarusian officials and issued a new visa restriction policy applicable to Russian military officials and authorities suspected of human rights abuses or corruption.

New US sanctions affect Russian banks, television stations

Source link New US sanctions affect Russian banks, television stations

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