Ukrainian conflict: In new sanctions, the US targets the Russian central bank
2 min readRussian-Ukrainian conflict: The US State Department prohibits Americans from being involved in any business with the Russian Federation Central Bank, the National Wealth Fund from the Russian Federation or the Ministry of Finance of the Russian Federation.
The United States on Monday imposed new steps on the Russian financial system for the Kremlin invasion to Ukraine. The US State Department, in the New Order, forbade Americans to make any transactions involving the Central Bank of the Russian Federation, the National Federation of Russian Federation funds or the Russian Federation Ministry of Finance.
Unprecedented economic sanctions imposed by the United States and its allies at the Russian Central Bank and the main sources of other wealth tend to encourage higher Russian inflation, paralyze purchasing power and encourage investment, US officials said.
The development took place in the middle of the ongoing meeting between representatives of Moscow and Kyiv in Belarus even when heavy battles were reported from the cities and the suburbs of Ukraine on the 5th day of the invasion.
The latest steps appear after the United States and its allies during the weekend imposing several sanctions targeting Moscow, including the Russian President Vladimir Putin and the largest lender in Russia, after the country’s forces invaded Ukraine.
Meanwhile, Russia said it would succeed in sailing through sanctions imposed on it by West and Putin will soon meet officials and senior ministers to discuss the economic impact of these steps.
Moscow also prohibits airlines from 36 countries from air regions in retaliation to similar steps from European countries, climbing confrontations with countries that have rushed to punish Moscow for attacking Ukraine to attack Ukraine.
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