US extends Russia sanctions, targets biggest lender Sberbank & gas giant Gazprom

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Reuters/Larry Downing

The US has introduced new sanctions against Russia’s biggest lenders – Sberbank, Gazprombank and Rosselkhozbank – and added some of the country’s state-owned technology firms and five energy companies, the Treasury said on Friday.

Another Russian lender, Bank of Moscow is also on the blacklist.

In the oil sector, there will be new limitations on exploration facilities for Gazprom, Gazprom Neft, Lukoil, Surgutneftegaz, and Rosneft.

The US also said it would prohibit “transactions in, provision of financing for, or other dealings in new debt of greater than 90 days maturity issued by two additional Russian energy companies, Gazprom Neft and Transneft.”

The US said it was joining European allies, as Russia keeps on with“direct military intervention and blatant efforts to destabilize Ukraine,”Treasury Secretary Jack Lew said in a press release.

Read more at RT News

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