![]() This serious action, including fully blocking Russia’s largest bank and banning new investment in Russia, will further restrict Putin’s ability to fund and supply his war.” “Today we are taking additional steps to cut off Russia from international markets in response to Putin’s continued brutality. “Russia’s military forces have committed heinous atrocities in Ukraine and the global community must hold them to account,” said Secretary of the Treasury Janet L. In addition, the President is issuing a new Executive Order today, which bans new investment in the Russian Federation and the provision of certain services to any person located in the Russian Federation by U.S. ![]() Treasury is also targeting family members of President Vladimir Putin (Putin) and Foreign Minster Sergey Lavrov (Lavrov), as well as Russian Security Council members who are complicit in the war against Ukraine. Treasury is imposing full blocking sanctions on Sberbank, Russia’s largest state-owned bank, and Alfa-Bank, Russia’s largest private bank. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took major steps to degrade the economy of the Russian Federation in response to Russia’s continued brutal war against Ukraine and atrocities against Ukrainian citizens. President’s New Executive Order To Ban New Investment in Russia New Sanctions Imposed on Putin’s Family and Architects of War Treasury Targets Critical Arteries of the Russian Federation Economy, Fully Blocking Largest Public and Private Banks
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