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The US Treasury imposed full blocking sanctions against Sberbank and Alfa-Bank

On April 6, 2022, the media reported that the US Treasury had imposed full blocking sanctions against Russia's largest bank, Sberbank, and the country's largest private bank, Alfa-Bank.

A publication on the White House website explains that the new sanctions include freezing bank assets and prohibiting US citizens and companies from doing business with them. Restrictive sanctions involve a complete blocking of assets and transactions of Sberbank and Alfa-Bank. Sber continues to operate as usual. The imposed sanctions will not have a significant impact on the work of the bank and will not affect the service to the Russians in any way, since the system has already adapted to the previously introduced restrictions. The experience, resources and expertise of Sberbank allow us to work successfully in any conditions.

- Sberbank reported on work under new sanctions. Previously, VTB Bank fell under similar blocking US sanctions.

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The US Treasury imposed full blocking sanctions against Sberbank and Alfa-Bank