US Lifts Sanctions on Russian Banker Mikhail Zadornov

• •Mikhail Zadornov was removed from the U.S. sanctions list on April 3, 2026.
• •The U.S. Treasury stated the delisting does not indicate a policy shift regarding Russia.
• •Zadornov had been sanctioned since 2022 due to his ties to the Russian government.

On April 3, 2026, the U.S. Treasury removed Mikhail M. Zadornov from its sanctions list, a decision that does not indicate a shift in U.S. policy towards Russia. Zadornov, a prominent banker and former finance minister, was sanctioned in 2022 following Russia's invasion of Ukraine. His removal from the sanctions list was achieved through a petition to the Office of Foreign Assets Control (OFAC). U.S. officials clarified that this delisting is part of the normal process for handling such requests and does not reflect broader changes in sanctions policy. Zadornov has held significant roles in Russian banking, including leadership positions at VTB and Otkritie Bank. The Treasury emphasized that sanctions are tools for achieving foreign policy goals, not merely punitive measures. No specific details about the reasons for his delisting were provided. This event highlights ongoing complexities in U.S.-Russia relations amidst the backdrop of geopolitical tensions.