US sanctions last major SWIFT-linked Russian bank ...News

The restrictions target Gazprombank and six of its foreign subsidiaries, effectively banning them from conducting dollar transactions Washington has sanctioned dozens of Russian financial institutions, including Gazprombank and six of its international subsidiaries, the Office of Foreign Assets Control (OFAC) announced on Thursday. Russia’s third-largest lender and primary bank for energy-related transactions, Gazprombank was the last major Russian bank that had retained access to the SWIFT interbank messaging system. The UK and Canada imposed sanctions on Gazprombank shortly after the escalation of the Ukraine co

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