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Mar 14, 2022 · European Union states are set to adopt new sanctions against Russia's oil majors Rosneft , Transneft and Gazprom Neft , but will continue to buy oil from them, an EU source told Reuters on...
Feb 18, 2020 · Washington – The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today designated Rosneft Trading S.A., the Swiss-incorporated, Russian-controlled oil brokerage firm pursuant to Executive Order (E.O.) 13850, as amended, for operating in the oil sector of the Venezuelan economy.
- Major Economic Actions
- Blocking Other Major Russian Financial Institutions
- Debt and Equity Prohibitions Against Major State-Owned and Private Entities
- General Licenses
- New Actions Targeting Russian Elites
Targeting Russia’s Two Largest Financial Institutions Treasury is taking unprecedented action against Russia’s two largest financial institutions, Public Joint Stock Company Sberbank of Russia (Sberbank)and VTB Bank Public Joint Stock Company(VTB Bank), drastically altering their fundamental ability to operate. On a daily basis, Russian financial i...
OFAC has also imposed blocking sanctions on three additional major Russian financial institutions: Otkritie, Novikom, and Sovcom. These three financial institutions play significant roles in the Russian economy, holding combined assets worth $80 billion. These designations further restrict the Russian financial services sector and greatly diminish ...
In a move to limit Russia’s ability to finance its invasion against Ukraine or other priorities of President Putin, OFAC expanded Russia-related debt and equity restrictions to additional key aspects of Russia’s economy. To implement this action, OFAC issued Directive 3 under E.O. 14024, “Prohibitions Related to New Debt and Equity of Certain Russi...
To ensure that these sanctions and prohibitions have an impact on the intended targets and to minimize unintended consequences on third parties, OFAC has also issued several general licenses in connection with these actions. In particular, payments for energy are from production to consumption. The sanctions and license package has been constructed...
Families Close to Putin Elites close to Putin continue to leverage their proximity to the Russian President to pillage the Russian state, enrich themselves, and elevate their family members into some of the highest positions of power in the country at the expense of the Russian people. Sanctioned oligarchs and powerful Russian elites have used fami...
Do the E.O. 13850 blocking sanctions on Rosneft Trading S.A. and TNK Trading International S.A. apply to their corporate parent and their affiliates? Answer On February 18, 2020, OFAC designated Rosneft Trading S.A. pursuant to E.O. 13850 for operating in the oil sector of the Venezuelan economy.
May 19, 2022 · May 19 (Reuters) - Five foreign vice-presidents of Russia's Rosneft have resigned because of European Union sanctions forbidding European citizens or Russians living in the EU to work at the...
Treasury imposed sanctions that prohibit U.S. persons from providing new financing to two major Russian financial institutions (Gazprombank OAO and VEB) and two Russian energy firms (OAO Novatek and Rosneft), limiting their access to U.S. capital markets;
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Aug 2, 2022 · LONDON, Aug 2 (Reuters) - The British government said on Tuesday it had reimposed sanctions on two former board members of oil company Rosneft (ROSN.MM), Didier Casimiro and Zeljko Runje.
