The US Treasury’s Office of Foreign Assets Control (OFAC) has implemented sanctions on additional Russian financial institutions, notably Russia’s Gazprombank and several foreign subsidiaries. These blocking sanctions prohibit US persons and entities from transacting with Gazprombank or its listed subsidiaries, as well as any entity owned 50% or more by Gazprombank or any other sanctioned entity. OFAC additionally designated more than 50 smaller Russian banks, as well as more than 40 securities registrars, and a list of Russian nationals operating in the financial services sector.

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