AdvertisementThe US levied sanctions on Gazprombank, the last major Russian bank not yet blacklisted.
Washington is clamping down on Gazprombank, Russia's last major lender operating free of US sanctions.
Up until this point, Washington refrained from sanctions in order to maintain gas flows between Russia and remaining European customers.
"Today's sanctions targeting Russia's largest remaining non-designated bank, as well as dozens of other financial institutions and officials in Russia, will further diminish and degrade Russia's war machine," Treasury Secretary Janet Yellen said.
The so-called System for Transfer of Financial Messages is used to evade sanctions and fund Russia's war effort, the US said.
Persons:
Russia's, Washington, Janet Yellen, OMV
Organizations:
Treasury, Treasury Department, Russia, Kremlin
Locations:
Russian, Russia, Europe, Washington, Ukraine, Austrian