INSUBCONTINENT EXCLUSIVE:
The United States announced sanctions Thursday targeting dozens of Russian banks, including Gazprombank, the largest remaining bank yet to
face United States action, as part of its efforts to weaken Russia's capacity to wage war on Ukraine.The measures, which also target
financial institutions and officials, "will further diminish and degrade Russia's war machine," Treasury Secretary Janet Yellen said in a
statement."This sweeping action will make it harder for the Kremlin to evade United States sanctions and fund and equip its military,"
Yellen added.Gazprombank, a major conduit for Russia's military finances, was among more than 50 internationally connected Russian banks
sanctioned by the United States Treasury
The move also targeted over 40 Russian securities registrars and 15 finance officials.The Treasury accused Gazprombank of facilitating
previously been sanctioned by other countries, including Australia, Canada, New Zealand and the United Kingdom.The United States Treasury
said it would issue licenses to allow United States persons to wind down transactions involving Gazprombank.
