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The US Treasury Department said on Monday that Denizbank and its structures were exempted from the sanctions, stipulating that the exemption was not applied to other organizations and persons under American sanctions.
Denizbank has belonged to the Sberbank group since 2012.
The European Union and the United States imposed the latest batch of sectoral sanctions against Russia on September 12 despite the deal on a ceasefire, signed in Minsk a week before, between Kiev and the self-proclaimed Donetsk and Luhansk People’s republics (DPR and LPR) in the embattled southeast of Ukraine.
Russia came under Western punitive measures, originally visa bans and asset freezes, for incorporation of Crimea in mid-March after a coup in Ukraine in February. Later, Western claims that Russia is taking part in hostilities in southeast Ukraine, which Moscow has repeatedly denied, resulted in more serious, sectoral, restrictions.
In response, Moscow imposed on August 7 a one-year ban on imports of beef, pork, poultry, fish, cheeses, fruit, vegetables and dairy products from Australia, Canada, the EU, the United States and Norway.