New sanctions target Russian billionaires, disinformation

The Treasury and State departments announced additional sanctions on Russian individuals and companies for supporting the Russian government despite existing sanctions.

Latest: The new measures include sanctions on Russian billionaires, information sharing with the Justice Department to support criminal prosecutions and asset seizures, and designations of individuals and companies tied to disinformation efforts.

Background: The sanctions are the latest in a series targeting Russian and Belarusian banks, individuals, and central banking institutions.

ICBA Release: With global events raising concerns among some bank customers, ICBA issued a national news release reminding consumers that their FDIC-insured deposits are safe.

Custom Version: A customizable version of the release is available on ICBA’s Tell Your Story marketing and communications toolkit.