The European Union's 18th sanctions package targeting Russia has now taken effect, according to an announcement in the EU's official journal.
The latest measures impose restrictions on 22 Russian financial institutions, such as T-bank, Dom.RF Bank, Yandex Bank, Ozon Bank, Surgutneftegazbank, and Finam Bank, among others. Unlike previous sanctions that cut banks off from SWIFT, these institutions will face a prohibition on transactions instead.