Gazprombank: Big Russian lender evaded Western sanctions

Before Russia invaded Ukraine, American officials had listed Russian banks as potential sanctions targets. Gazprombank is one of the candidates.

Finally, Russia’s third-largest bank remains largely intact. The largest bank, Sberbank, has been cut off access to US dollars. US banks and companies are prohibited from doing any business with the second largest VTB and another major lender, VEB. All four are state-controlled. Gazprombank: Big Russian lender evaded Western sanctions

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