Russia's Gazprombank and its six foreign subsidiaries faced U.S. sanctions on Thursday, as part of efforts to hinder Russia's ability to evade the numerous sanctions imposed since the invasion of Ukraine in February 2022. Treasury Secretary Janet Yellen stated that targeting Russia's largest remaining non-sanctioned bank would impede Russia's military efforts and make it harder for the Kremlin to evade U.S. sanctions.
Over 50 internationally connected Russian banks, 40 Russian securities registrars, and 15 Russian finance officials were also hit with sanctions. President Joe Biden authorized Ukraine to use U.S.-supplied missiles to strike deeper inside Russia, while the Pentagon announced sending Ukraine at least $275 million in new weapons.
