Russian President Vladimir Putin has revoked the mandate requiring all buyers of Russian natural gas to make payments through Gazprombank, following recent U.S. sanctions against the state-controlled bank. The sanctions impede Gazprombank’s ability to process new energy-related transactions, affecting European…

The U.S. Department of the Treasury announced new sanctions against Russia’s Gazprombank as President Joe Biden intensifies responses to Moscow’s invasion of Ukraine. These sanctions aim to cut off Gazprombank from the American banking system, prohibiting U.S. transactions and freezing…