Wednesday, 25 June

US imposes restrictions on Russia

World News
The United States has imposed new debt and equity restrictions on 13 of the most critical major Russian enterprises and entities

The United States has imposed new debt and equity restrictions on 13 of the most critical major Russian enterprises and entities.

This follows an attack launched on Ukraine by Russia.

Joined by allies and partners, the US imposed new actions on Russia including: “Severing the connection to the US financial system for Russia’s largest financial institution, Sberbank, including 25 subsidiaries; full blocking sanctions on Russia’s second-largest financial institution VTB Bank (VTB), including its 20 subsidiaries and full blocking sanctions on three major Russian Financial institutions: Bank Otkritie, Sovcombank OJSC, Novikombank-34 subsidiaris.”   

The US also imposed “Additional full blocking sanctions on Russian elites and their family members and Sweeping restrictions to impair Putin’s military capabilities and strategic ambitions.”

It also imposed "costs on Belarus for supporting the further invasion of Ukraine by sanctioning 24 Belarusian individuals and entities".

Source: classfmonline.com/Elikem Adiku