Ukraine President Zelenskyy Thanks US Govt For Placing Sanctions On Over 50 Russian Financial Institutions Amid War
Adedokun Waliyu 
The United States of America has placed sanctions on Russian financial Institutions amid the ongoing war with Ukraine.
Ukraine’s President, Zelenskyy Volodymyr, celebrated the move on his official X handle on Thursday.
“I am grateful to @POTUS and his administration for today’s strong package of financial and banking sanctions targeting Russia’s economy and war chest. By targeting Gazprombank, one of Russia’s largest banks, as well as its six subsidiaries and over 50 other financial institutions.
“The US strikes a significant blow to Putin’s war machine and further isolates his bloody, corrupt economy from the global market.”
The statement noted that the development comes at a crucial time.
“This comes at a critical time, as Russia uses missile saber-rattling in a desperate attempt to destroy what remains of international law.”
“Justice demands that the aggressor pay the full cost of this war.”
“We are deeply grateful for America’s leadership in defending liberty and for the unwavering bipartisan support of Congress, which continues to champion strong and decisive sanctions.”
“Together, we must weaken tyranny and strengthen global security,” he posted.
“Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took another major step in implementing commitments made by G7 leaders to curtail Russia’s use of the international financial system to further its war against Ukraine” a post on the website read.
“OFAC’s action includes the designation of Gazprombank, more than 50 internationally connected Russian banks, more than 40 Russian securities registrars, and 15 Russian finance officials.”
“OFAC is also issuing an alert describing sanctions risks related to Russia’s System for Transfer of Financial Messages (SPFS), which the Kremlin created and uses to evade sanctions.”
“Today’s sanctions targeting Russia’s largest remaining non-designated bank, as well as dozens of other financial institutions and officials in Russia, will further diminish and degrade Russia’s war machine.”
“This sweeping action will make it harder for the Kremlin to evade U.S. sanctions and fund and equip its military,” said Secretary of the Treasury Janet L. Yellen
This development comes amid escalation of the crisis between Russia and Ukraine.
The United States earlier approved use of long range missiles by Ukraine with Russia also activating its nuclear program.
