New sanctions require banks to up their games
‘For regional banks, the ultimate question may be whether they want to deal with this or simply de-risk.’
Browsing: Sanctions
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.
OFAC head discusses banks’ role in G7 Russian oil price cap enforcement
With the announcement that G7 member states had agreed to a price cap on Russian oil in response to Russian President Vladimir Putin’s invasion of Ukraine, Office of Foreign Assets Control Director Andrea Gacki today discussed how her office will approach implementation, and its expectations for banks.
Treasury announces new sanctions in wake of Russian annexation of Ukrainian territories
Following Russian President Vladimir Putin’s announcement that he would illegally annex four Ukrainian territories, the Treasury Department’s Office of Foreign Assets Control designated 14 individuals in Russia’s military industrial complex, as well as 278 members of the Russian legislature for supporting the annexation.
Additional sanctions announced against Russian individuals, entities
The Treasury Department’s Office of Foreign Assets Control today announced additional sanctions against Russia as a result of the ongoing conflict in Ukraine
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.
Fortress Russia: Understanding Putin’s efforts to sanction-proof his economy
Russia’s efforts to disengage with the global economy and isolate itself may have helped minimize the initial shock from the most recent sanctions and could explain why Putin has yet to back down from the Ukraine invasion.
Sanctions 101: How banks can navigate SWIFT and export bans
Financial institutions will benefit by embracing innovation and being proactive during breaking developments.
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.
OFAC ramps up Russian sanctions; Banks, individuals targeted
With the Russian invasion of Ukraine still ongoing, the Treasury Department’s Office of Foreign Assets Control today announced additional significant steps to sanction Russian individuals and entities.