As the conflict in Ukraine continued to escalate over the weekend, President Biden and several world leaders agreed to block certain Russian banks from accessing the Swift global messaging system.
In response to the invasion of Ukraine by Russian troops, President Biden today announced an additional round of economic sanctions, including those against two additional large Russian financial institutions, Sberbank and VTB Bank.
The Treasury Department today announced a number of sanctions against two Russian state-owned financial institutions, five Kremlin-connected individuals and additional restrictions on Russian sovereign debt in response to Russia’s decision to deploy troops to the Donetsk and Luhansk regions of eastern Ukraine that Russia has recognized as independent.
The Treasury Department today announced a number of sanctions against Russian entities and individuals, following an executive order from President Biden.