Browsing: Sanctions

Newsbytes Adeyemo: U.S. to Step Up Enforcement of Russian Sanctions

Nearly a year after the start of the Russian invasion of Ukraine, the U.S. and its allies are continuing to pressure companies and financial institutions worldwide to sever their economic ties to Russia, Deputy Secretary of the Treasury Wally Adeyemo said this week.

Compliance and Risk Joint task force blocks $30B of Russian assets

A dedicated international task force focused on executing sanctions against Russia has blocked or frozen more than $30 billion worth of sanctioned Russian assets in financial accounts and economic resources, and immobilized approximately $300 billion worth of Russian Central Bank Assets, according to a press release issued by the Treasury Department.

Compliance and Risk OFAC announces additional Russian sanctions

The Treasury Department’s Office of Foreign Assets Control sanctioned Transkapitalbank, a Russian commercial bank, and its subsidiary, Joint Stock Company Investtradebank for sanctions evasion activity connected to the recent Russian invasion of Ukraine.

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