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United States sanctions 27 Gazprombank executives and Russian television outlets

Aria Thomas

May 09, 2022 10:09

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To punish Moscow for its invasion of Ukraine, the United States imposed sanctions on Sunday on three Russian television stations, restricted Americans from providing accounting and consulting services to Russians, and sanctioned executives from Gazprombank.


As President Joe Biden met digitally with G7 leaders and Ukrainian President Volodymyr Zelenskiy to discuss the war, the United States imposed new sanctions on Russian President Vladimir Putin in an effort to intensify pressure on him in response to his country's invasion of Ukraine.


The penalties taken against Gazprombank executives were the first affecting the massive Russian gas exporter, as the United States and its allies have refrained from pursuing actions that could impair gas supplies to Europe, Russia's primary client.


"It is not a complete block. We are not freezing Gazprombank's assets or preventing transactions with the bank "A senior official in the Biden administration informed reporters. "We're sending the message that Gazprombank is not a safe haven by punishing some of its senior business leaders... to send a chilling effect."


Sberbank, which owns one-third of Russia's banking assets, saw eight officials added to the sanctions list. In addition, Moscow Industrial Bank and its ten subsidiaries were included.


The new export restrictions, which included limits on industrial engines, bulldozers, wood goods, motors, and fans, were intended to degrade Putin's military effort. The official stated that the European Union is implementing more regulations on chemicals that flow directly into the Russian military endeavor.


Russia refers to its efforts in Ukraine as a "special operation" that is not intended to take territory, but rather to degrade its southern neighbor's military capabilities and catch those it considers to be dangerous nationalists. According to Ukraine and its allies, Russia initiated an unprovoked war.


Limited Liability Partnership In addition to Promtekhnologiya, seven shipping firms and a maritime towing company were sanctioned. The White House also announced that the Nuclear Regulatory Commission will freeze export licenses for sensitive nuclear materials to Russia.


The sanctioned television channels include the Joint Stock Company Channel One Russia, Television Station Russia-1, and the Joint Stock Company NTV Broadcasting Company, according to the White House.


It will be banned for Americans to provide accounting, trust and corporate formation, and management consulting services to Russians; however, legal services would continue to be permitted.

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