US sanctions 50 Russian banks and 15 officials, Ukraine expressed gratitude – US sanctions Gazprombank 50 Russian banks 15 officials over Ukraine war Volodymyr Zelenskyy ntc
The United States has imposed sanctions on a major Russian financial institution, Gazprombank, as it steps up its economic campaign against President Vladimir Putin’s war efforts in Ukraine. Biden has taken this decision just a few days before leaving the presidency.
The Biden administration had previously decided not to impose sanctions against the bank out of fear of turmoil in global energy markets, but in anticipation of pressure from Donald Trump to negotiate a ceasefire between the two sides to weaken Russia and He is trying to do whatever he can to promote Ukraine.
‘Difficult times for Russia’
“Today’s sanctions targeting Russia’s largest undesignated bank, as well as dozens of other financial institutions and officials in Russia, will further weaken Russia’s war machine,” US Treasury Secretary Janet Yellen said in a statement. He further said that major action would make it difficult for the Kremlin to avoid US sanctions and finance its military.
The US Treasury Department’s Office of Foreign Assets Control said in a statement that about 50 Russian banks linked to the global financial system, as well as about 15 officials, were sanctioned on Thursday. Trump’s return to the White House in January and his pledge to end the war quickly have created a new sentiment among Western allies to strengthen Ukraine’s hand before any talks.
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The Kremlin said on Wednesday it is ready to discuss a possible ceasefire in Ukraine with Trump. In addition, Russia has recently intensified its bombing of Ukraine and even previous rounds of sanctions in the last two and a half years have not been able to stop it.
Gazprombank is accused of helping Russia pay for military equipment and material for the war in Ukraine. It has also reportedly paid the salaries of Russian soldiers, including war bonuses, and helped compensate the families of Russian soldiers killed in the fighting.
What did Ukraine say after America’s action?
“I am grateful to Joe Biden and his administration for today’s decision to impose financial and banking sanctions targeting Russia’s economy and war chest,” Ukrainian President Zelensky said. Gazprombank, one of Russia’s largest banks, as well as By targeting six of its subsidiaries and more than 50 other financial institutions, the US has delivered a major attack on Putin’s war machine and isolated his bloody, corrupt economy from the global market.
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He further said that this comes at a critical time, when Russia is using missiles in a desperate attempt to destroy what remains of international law. Justice demands that the attackers pay the full price of this war.
Zelensky said, “We are deeply grateful for America’s leadership in defense of freedom and the unwavering bipartisan support of Congress, which continues to support strong and decisive sanctions. Together, we must undermine tyranny and protect global security.” Should be strengthened.
