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Sanctions Against Russia: News

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Exclusive: Inside the years-long scheme to turn a nationalized bank into Zelensky allies’ 'piggy bank'

Key findings: * A Ukrainian state-owned bank, seized from a Russian owner in 2023, was allegedly turned into a tool for insider corruption. * A senior aide to President  Volodymyr Zelensky, Iryna Mudra, pressed to install a favored, conflicted candidate on the bank's oversight board. * Two officials who vetted him warned he had ties to a previous bank failure and a conflict of interest, but he was appointed anyway. * The bank's rushed, low-scrutiny nationalization made it easier to quietly

About Sanctions against Russia

Sanctions against Russia include over 15,000 individual and entity designations imposed by Western countries following the full-scale invasion launched in February 2022. Measures target Russia's central bank, energy sector, technology imports, financial institutions, and individuals supporting the war. The European Union, United States, United Kingdom, and allies continue to coordinate sanctions.

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