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Sanctions, US

US Treasury Dept. launches latest sanctions package as Treasury Sec. Yellen says new measures ‘cuts off’ Kremlin’s ability to evade international sanctions

By Alisha Houlihan for AMLi

The US Treasury Department has announced a new barrage of sanctions against Russia for its invasion of Ukraine, targeting board members of Russian banks and some of the country’s state-controlled television stations. 

The Office of Foreign Assets Control (OFAC) has listed several entities and people including the board members of two of the country’s most important banks, a state-owned bank and nine of its subsidiaries, a state-sponsored weapons manufacturer, and three of Russia’s state-controlled television stations, in its latest sanctions package.

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