Stress on the Russian economy intensified Monday after the U.S. and European allies prohibited individuals from working with the country’s central bank, finance ministry, and wealth fund.
for an end to the conflict, even if they didn’t explicitly call out Putin. “Peace is very important!” Russian billionairesaid in a social media post Sunday. “Negotiations need to start as soon as possible!”
The stress on the Russian economy only intensified Monday, when the U.S. Treasury Department and European allies prohibited individuals from working with the country’s central bank, finance ministry, and wealth fund. “The unprecedented action we are taking today will significantly limit Russia’s ability to use assets to finance its destabilizing activities, and target the funds Putin and his inner circle depend on to enable his invasion of Ukraine,” Treasury SecretaryMonday.
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