Tuesday, September 27 2022

Reuters

U.S. slaps sanctions on Russia’s central bank, threatens more action

The United States on Monday imposed sanctions on Russia’s central bank and other sources of wealth, dealing a crushing blow to the country’s economy and further punishing Moscow over its invasion of Ukraine. The measures, blocking Americans from engaging in any transactions involving Russia’s central bank, finance ministry or national wealth fund, are likely to push Russian inflation higher, cripple its purchasing power and drive down investments, U.S. officials said on Monday as the new measures took effect. Last week Washington imposed several rounds of sanctions, including against Russian President Vladimir Putin and major banks, after Russia’s forces invaded Ukraine in the biggest assault on a European state since World War Two.

Source: Yahoo Sports

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