The White House announced a new round of international actions against Russia following the invasion of Ukraine.
Ensuring Russia cannot obtain financing from the International Monetary Fund and World Bank.
Ensuring Russian individuals and entities targeted with sanctions cannot evade them using digital assets.
Additional export and import restrictions.
Treasury Guidance: In a related action, Treasury’s Office of Foreign Assets Control issued a new round of sanctions targeting Russian officials and guidance on the use of digital assets to evade U.S. sanctions on Russia.
Central Bank Suspension: Separately, the Bank for International Settlements—the global collective of central banks—reportedly suspended Russia’s central bank.
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.