The White House is considering the possibility of adding Gazprombank, the third largest bank in the Russian Federation by assets, which is a “hub” for payments for gas in Europe, to the blacklist.
The last of Russia’s big state-owned banks, which maintain access to the SWIFT system and settlements in major world currencies, will be the target of new US sanctions. This was reported by Nikkei, citing its own sources.
The White House is considering the possibility of adding Gazprombank, the third largest bank in the Russian Federation by assets, which is a “hub” for payments for gas in Europe, to the blacklist. Gazprombank could fall under embargo sanctions that would prohibit it from any transactions with American banks. A decision on sanctions will be made by the end of November.
The bank is one-third owned Gazpromanother 40% – to his pension fund. The Russian Federation’s Gazprombank has so far avoided strict Western restrictions. In particular, in the United States only raising capital on the debt market is prohibited, although its top managers and a subsidiary IT company are under sanctions. In the European Union, the bank is also not blacklisted, while only the UK has imposed sanctions against it.
As a result, the bank in the Russian Federation has become one of the main operators of foreign exchange reserves that the Kremlin has accumulated abroad after blocking the assets of the Central Bank of the Russian Federation in the West. By mid-2024, these “shadow reserves” will reach $180 billion.
We remind you that the Russian leader Vladimir Putin said that the Russian economy “continues to grow at a great pace.” Athletistic found out what is the actual economic situation of the aggressor country.
Source: korrespondent
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