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U.S. Lifts Sanctions on Russian Banker Mikhail Zadornov

4/4/2026

Summary

Story summary

On April 3, 2026, U.S. Treasury Department removed sanctions on Mikhail Zadornov, a Russian banker and former finance minister.
The move does not indicate a policy shift on Russian sanctions, according to a U.S. official.
Zadornov was sanctioned in 2022 after Russia's invasion of Ukraine, and he petitioned for removal through standard procedures.
The Treasury states that sanctions and their removal serve U.S. foreign policy objectives, seeking positive behavioral changes.

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Story summary

On April 3, 2026, U.S. Treasury Department removed sanctions on Mikhail Zadornov, a Russian banker and former finance minister.
The move does not indicate a policy shift on Russian sanctions, according to a U.S. official.
Zadornov was sanctioned in 2022 after Russia's invasion of Ukraine, and he petitioned for removal through standard procedures.
The Treasury states that sanctions and their removal serve U.S. foreign policy objectives, seeking positive behavioral changes.