The United States is considering imposing sanctions on major Russian banks
© AP
In the event of Russia’s invasion of Ukraine, the United States is investigating plans to hit Russian banks more than ever with sanctions. This is what the New York Times writes.
MTMsource: Belgian
The newspaper wrote, quoting informed sources, that the sanctions could disrupt the Russian economy much more than previous Western sanctions. These are plans to impose sanctions on some of Russia’s largest financial institutions.
According to the newspaper, the US Treasury could put some Russian banks on the sanctions list, banning US institutions and individuals from working with them. A list of dozens of Russian banks and financial institutions, both private and state, has been circulating in Washington in recent weeks.
The New York Times said that the closure of major Russian banks from international banking services will have far-reaching consequences for all layers of the Russian economy. The sanctions of 2014, when Russia annexed Ukraine’s Crimea peninsula, were smaller and mainly targeted the elite surrounding Russian President Vladimir Putin.
“Travel enthusiast. Alcohol lover. Friendly entrepreneur. Coffeeaholic. Award-winning writer.”