The United States has expanded its sanctions on Moscow but Gazprombank, one of the main channels for payments for Russia's main exports of oil and gas, remains plugged into the global financial system.The Biden administration announced on Wednesday its latest suite of measures designed to curb Vladimir Putin's ability to fund his invasion which started on February 24, 2022.
There has always been concern that sanctioning Gazprom bank would impair the natural gas imports into Europe,' he said. 'I think that's why it's been largely avoided so far.'Gazprombank has not been completely unscathed by the war. In March 2022, United Kingdom sanctions locked the bank out of resources held in Britain and stopped British firms from doing business with it.