The measures prohibit US Finance institutions from buying or selling Russian sovereign bonds issued after March 1 2022 in secondary markets and confirm existing primary-market and lending bans; designate VEB Bank, Promsvyazbank, their subsidiaries, several vessels and assorted Russian elites and relatives as Specially Designated Nationals, freezing their US-linked assets and transactions; place the Central Bank of Russia, the National Wealth Fund and the Ministry of Finance on the Non-SDN Menu-Based Sanctions List, exposing them to menu-based penalties; and identify the Russian Finance-services sector as sanctionable.
