These restrictions will result in the prohibition of US citizens and companies from doing business with those companies and individuals. The sanctions ensure that the assets of the listed entities are blocked.
Besides Tinkoff Bank, Unistream, Solidarity, Loko-Bank and St. Other Russian banks, such as the St. Petersburg Social Commercial Bank, were also placed on the sanctions list.
Canada also placed restrictions on two Russian banks, Tinkoff and Tochka.
It should be noted that the new sanctions are a reaction to international events and are aimed at restricting the activities of some Russian companies and officials in connection with economic and political sanctions.
Source: Ferra
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
