US department of treasury imposes sanctions on several Russian banks

Friday, 24 February 2023 23:18

The US Department of the Treasury has imposed sanctions on Russia’s Lanta Bank, Metallinvestbank, Credit Bank of Moscow, MTS Bank, SDM-Bank, and the Ural Bank for Reconstruction and Development, as well as on the Zenit, Levoberezhny, Primorye, Saint-Petersburg, and Uralsib banks.

Iran Press/ America: The sanctions particularly restrict certain operations with these banks. However, the Office of Foreign Assets Control issued a general license, “authorizing the wind-down and rejection of transactions involving certain financial institutions designated today through 12:01 a.m. eastern daylight time, May 25, 2023.”

In addition, the US imposed restrictions on Russian businessman Alexander Udodov and 14 companies, which, according to the Department of the Treasury, are related to him. The blacklist also includes the investment and wealth management firm Veles Capital and the CONFIDERI Pte Ltd financial services firm.

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