🇿🇦🇷🇺/🇺🇸 US sanctions PetroSA's Russian investment partner
The United States imposed new sanctions on Russia's Gazprombank on Thursday, the Treasury Department said, as President Joe Biden steps up actions to punish Moscow for its invasion of Ukraine before he leaves office in January.
The move, which wields the department's most powerful sanctions tool, means Gazprombank cannot handle any new energy-related transactions that touch the U.S. financial system, bans its trade with Americans and freezes its U.S. assets.
Gazprombank is one of Russia's largest banks and is partially owned by Kremlin-owned gas company Gazprom. Ukraine has been urging the U.S. since the February, 2022 invasion, to impose more sanctions on the bank, which receives payments for natural gas from Gazprom's customers in Europe.
📝 South Africa’s cabinet in December endorsed PetroSA’s recommendation that GazpromBank Africa be the primary investment partner in the project to revive the Mossel Bay refinery on the southern coast.
The United States imposed new sanctions on Russia's Gazprombank on Thursday, the Treasury Department said, as President Joe Biden steps up actions to punish Moscow for its invasion of Ukraine before he leaves office in January.
The move, which wields the department's most powerful sanctions tool, means Gazprombank cannot handle any new energy-related transactions that touch the U.S. financial system, bans its trade with Americans and freezes its U.S. assets.
Gazprombank is one of Russia's largest banks and is partially owned by Kremlin-owned gas company Gazprom. Ukraine has been urging the U.S. since the February, 2022 invasion, to impose more sanctions on the bank, which receives payments for natural gas from Gazprom's customers in Europe.
📝 South Africa’s cabinet in December endorsed PetroSA’s recommendation that GazpromBank Africa be the primary investment partner in the project to revive the Mossel Bay refinery on the southern coast.