The United States on Thursday for the first time slapped sanctions on a Russian bank for its dealings with the Syrian government, which has been engaged in bloody three-year civil war with opposition forces.
The U.S. Treasury put Tempbank, a Moscow-based bank, on its list of sanctioned entities, which effectively cuts the bank off from the U.S. financial system. The Treasury also put sanctions on an official in the bank, Mikhail Gagloev, six Syrian government officials and two Syrian refinery companies, Banias and Homs.
via CNBC 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.