"This sweeping action will make it harder for the Kremlin to evade U.S. sanctions and fund and equip its military," Treasury Secretary Yellen said.

Good morning. The US slapped sanctions on a major Russian bank to squeeze Moscow over the Ukraine war. Israel’s leader is getting another kind of squeeze: an arrest warrant. And before you squeeze into an airline seat,

The United States imposed new sanctions on Russia's Gazprombank on Thursday, the Treasury Department said, as President Joe Biden steps up actions to punish Moscow for its invasion of Ukraine before he leaves office in January.

Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday

The US sanctioned Gazprombank, a major Russian financial institution, ramping up its economic campaign against the country as President Joe Biden prepares to leave office.

The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned Russia’s Gazprombank and other Russian lenders to restrict the country's access to the international financial system.

Russia's third largest bank, Gazprombank, and its six foreign subsidiaries were hit with U.S. sanctions on Thursday in a move intended to curtail Russia's ability to evade the thousands of sanctions imposed on the nation since the start of Russia's invasion of Ukraine in February 2022.