The US excludes the last major Russian state bank from SWIFT

The White House is considering imposing new sanctions on Gazprombank, Russia’s third-largest bank by assets, due to its involvement in gas payments with Europe. The potential blocking sanctions would prevent GPB from conducting transactions with US banks, with a decision expected by the end of November. While currently not subject to strict Western restrictions, Gazprombank faces limitations in the US and EU, with only Britain imposing blockers against the bank.

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