Transcapitalbank and 16 people connected, according to the U.S. administration, with the Russian bank Otkritie were included in the sanctions list.
The United States has expanded the sanctions list for Russia. The corresponding notification was posted on Wednesday on the website of the U.S. Treasury. The U.S. government claims that it has expanded its blacklist on Russia to include several dozen more individuals and legal entities for their attempts to circumvent Washington’s sanctions against Moscow.
“The Office of Foreign Assets Control of the U.S. Treasury Department today blacklisted organizations and individuals who are involved in attempts to evade sanctions against Russia imposed [earlier] The United States and its foreign partners,” the U.S. Treasury Department said in a statement published in connection with the current decision of the Washington administration.
As noted in this document of the U.S. Treasury, Transcapitalbank “and a global network of more than 40 individuals and organizations” were blacklisted, whose actions are allegedly controlled by a large entrepreneur Konstantin Malofeev. According to the U.S. authorities, this network includes, among other things, “organizations whose main task is to facilitate the circumvention of sanctions by Russian institutions.”
The United States imposes sanctions on Transcapitalbank, as well as the associated Investtorgbank. In addition, the general licenses of the financial department distributed in addition to this, it is also reported that the U.S. Treasury has set a deadline for completing transactions with Transcapitalbank, as well as all its subsidiaries, until 00:01 East Coast time on May 20, 2022.
At the same time, the documents separately stipulate that an exception is made for transactions to or from Afghanistan – such transactions can be completed before 00:01 East Coast time on October 20, 2022. It is noted that this was done in order to “support efforts aimed at resolving the humanitarian crisis” in this country.
Also, 16 people connected, according to the U.S. administration, with the Russian bank Otkritie were included in the U.S. sanctions list. The blacklist included, in particular, Deputy Chairman of the Bank of Russia Mikhail Alekseev, Deputy President – Chairman of the Board of Otkritie Bank Nadia Cherkasova, founder and owner of IBS Group Anatoly Karachinsky, as well as a New Zealand citizen, former Sberbank CIB Financial Director Paul Goldfinch.
The U.S. Treasury Department announced visa restrictions by the Department of State against more than 600 Russians.