Discover Qazaqstan via News and Inspiring Stories
QazMonitor Logo
Facebook Qazmonitor iconInstagram Qazmonitor iconTiktok Qazmonitor iconTwitter Qazmonitor iconTelegram Qazmonitor iconYoutube Qazmonitor icon
  1. Main Page
  2. News
  3. Bereke Bank Officially Removed from U.S. Sanctions List
Astana, Kazakhstan • 13 March, 2023 | 18:24

Bereke Bank Officially Removed from U.S. Sanctions List

The Office of Foreign Assets Control updated the SDN list

QazMonitor Logo
Ruslan Pryanikov
Ruslan Pryanikov

The U.S. removed the former Kazakh subsidiary of Sberbank, Bereke Bank, from the sanctions list of the Office of Foreign Assets Control (OFAC), QazMonitor reports citing the U.S. Department of Treasury.

OFAC updated the list of specially designated nationals (SDN), which names people, organizations, and ships with whom U.S. citizens and permanent residents are not allowed to do business.

Earlier, Bereke Bank chairman Andrei Timchenko said it was expecting the U.S. authorities to lift sanctions as early as March.

Only 30% of an article published on The Qazaqstan Monitor website may be used with a mandatory hyperlink provided to indicate the original source. To re-publish the full article, written permission from the editorial is required.