Full blocking on Sberbank & Alfa-Bank; limited wind-downs; broad US investment ban in Russia

OFAC designates Sberbank, Alfa-Bank and their respective subsidiaries as SDNs under full blocking sanctions; amended General Licenses 8B, 9B and 10B extend energy-related dealings, debt-and-equity activity and derivative-contract wind-downs involving Alfa-Bank and earlier-listed banks through 24 June or 30 June 2022; a new executive order bars any new US investment in Russia and empowers OFAC to prohibit specified US-origin services and the facilitation of transactions that US persons could not lawfully perform themselves.