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Why is Russia imposing sanctions on Sberbank & Alfa-Bank?
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Are Sberbank and Alfa-Bank subject to more limited sanctions?
Feb 24, 2022 · Today Treasury is imposing correspondent and payable-through account sanctions on Sberbank. Sberbank is uniquely important to the Russian economy, holding about a third of all bank assets in Russia. Sberbank is the largest financial institution in Russia and is majority-owned by the GoR.
Apr 7, 2022 · Sberbank and 42 of its subsidiaries, as well as Alfa-Bank and 6 of its subsidiaries, are now SDNs subject to full blocking sanctions. This is a significant departure given that both Sberbank and Alfa-Bank were subject to more limited sanctions in the past, including those under Executive Order 14024 of April 15, 2021.
Feb 7, 2023 · The U.S. Treasury Department will lift sanctions imposed on a former Russian Sberbank SBER.MM subsidiary that is now wholly owned by a Kazakh firm, its spokesperson and a U.S. official told...
Apr 6, 2022 · In furtherance of this goal, today we are implementing full blocking sanctions on two key Russian financial institutions: Sberbank, Russia’s largest financial institution, and its subsidiaries and Alfa Bank, one of the largest private banks in Russia, and its subsidiaries.
Apr 6, 2022 · Full blocking sanctions on Russia’s largest financial institution, Sberbank, and Russia’s largest private bank, Alfa Bank. This action will freeze any of Sberbank’s and Alfa Bank’s assets...
