Russia-Ukraine update: The U.S. imposes new sanctions on Russia's Central Bank, a move that will block Americans from doing business with it and freezing assets it holds in the U.S.
The move deals a crushing blow to the country's economy in further punishment of Moscow over its invasion of UkraineThe U.S. on Monday imposed new sanctions on Russia targeting the country's Central Bank, a move that will block Americans from doing any business with it and freezing any assets it holds in the U.S.
“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,” Secretary of the Treasury Janet Yellen said in a statement. “Today, in coordination with partners and allies, we are following through on key commitments to restrict Russia’s access to these valuable resources.
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