U.S. imposes sanctions on 27 Gazprombank executives, Russian TV stations By Reuters


© Reuters. FILE PHOTO: The logo of Gazprombank is seen at a branch office in Moscow, Russia March 31, 2022. REUTERS/Maxim Shemetov/File Photo

By Jeff Mason and Steve Holland

WILMINGTON, Del. (Reuters) – The United States on Sunday unveiled sanctions against three Russian television stations, banned Americans from providing accounting and consulting services to Russians, and sanctioned executives from Gazprombank to punish Moscow for its invasion of Ukraine.

The new sanctions are the latest effort by the United States to increase pressure on Russian President Vladimir Putin after his country’s assault on Ukraine and came as President Joe Biden met virtually with G7 leaders and Ukrainian President Volodymyr Zelenskiy to discuss the war.

The measures leveled against Gazprombank executives were the first involving the giant Russian gas exporter as the United States and its allies have avoided taking steps that might lead to disruptions of gas to Europe, Russia’s main customer.

“This is not a full block. We’re not freezing the assets of Gazprombank or prohibiting any transactions with Gazprombank,” a senior Biden administration official told reporters. “What we’re signaling is that Gazprombank is not a safe haven, and so we’re sanctioning some of their top business executives … to create a chilling effect.”

Eight executives from Sberbank, which holds one-third of Russia’s banking assets, were added to the sanctions list. Moscow Industrial Bank and its 10 subsidiaries were also added.

The new export control restrictions were aimed at directly degrading Putin’s war effort, including controls on industrial engines, bulldozers, wood products, motors, and fans. The European Union is moving in tandem with additional controls on chemicals that feed directly into the Russian military effort, the official said.

Russia calls its actions in Ukraine a “special operation” that it says is not designed to occupy territory but to destroy its southern neighbor’s military capabilities and capture what it regards as dangerous nationalists. Ukraine and its allies say Russia launched an unprovoked war.

Limited Liability Company Promtekhnologiya, a weapons maker, was sanctioned, along with seven shipping companies and a marine towing company. The White House also said the Nuclear Regulatory Commission would suspend licenses for exports of special nuclear material to Russia.

The sanctioned television stations are directly or indirectly state-controlled, the White House said, and included Joint Stock Company Channel One Russia, Television Station Russia-1, and Joint Stock Company NTV Broadcasting Company.

Americans will be prohibited from providing accounting, trust and corporate formation, and management consulting services to Russians, though providing legal services is still permissible.



Source link

Related articles

At the least 36 new tech unicorns had been minted in 2025 to date

With AI igniting an investor frenzy, each month, extra startups get hold of unicorn standing. Utilizing information from Crunchbase and PitchBook, TechCrunch tracked down the VC-backed startups that turned unicorns to date this yr....

Perenco Vietnam indicators new manufacturing sharing contract for Block 15-1

Perenco Vietnam and its companions in Block 15-1 have signed a brand new Manufacturing Sharing Contract (PSC) with the Socialist Republic of Vietnam, marking the start of a brand new 25-year chapter for...

Greatest early Prime Day Kindle offers: My 10 favourite gross sales stay now

When is Amazon Prime Day 2025? Amazon Prime Day takes place from July 8 by July 11 this yr. In the course of the sale, the retailer cuts costs on 1000's of merchandise (and...

1 Inventory to Purchase, 1 Inventory to Promote This Week: Amazon, Tesla

The inventory market ended increased in a shortened session on Thursday, with the and each closing at recent file highs after an upbeat U.S. jobs report helped ease issues concerning the...

NFT Gross sales Hit +$128M This Week, As NFT Patrons Improve +50%

The non-fungible token market has recorded optimistic progress once more this week, marked by a surge in buying and selling gross sales quantity and consumers. Up to now seven days, the worldwide non-fungible...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

WP2Social Auto Publish Powered By : XYZScripts.com