Global Trade Alert
Global Trade Alert

United States of America: U.S. Treasury announces sanctions on foreign financial institutions that support Russia’s military industrial base

Announcement

22 Dec 2023

In December 2023, the U.S. Treasury announced sanctions on foreign financial institutions that support Russia’s military-industrial base.  

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

22 Dec 2023

Revocation date:

No revocation date

Controls on commercial transactions and investment instruments In force

On December 22, 2023, the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) announced sanctions targeting foreign financial institutions involved in significant transactions for sa...

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