US Targets Russia's Central Bank In Latest Sanctions Action
NDTV
United States on Monday blocked Americans from engaging in any transactions involving Russia's central bank, National Wealth Fund and finance ministry
The United States on Monday blocked Americans from engaging in any transactions involving Russia's central bank, National Wealth Fund and finance ministry in further punishment of Moscow over its invasion of Ukraine.
The fierce economic sanctions imposed by the United States and its allies on Russia's central bank and other key sources of wealth are likely to drive Russian inflation higher, cripple its purchasing power and drive down investments, US officials said on Monday as the new measures took effect.
The move comes after the United States and its allies last week imposed several rounds of sanctions targeting Moscow, including against Russian President Vladimir Putin and Russia's largest lenders, after the country's forces invaded Ukraine.
"This is a vicious feedback loop that's triggered by Putin's own choices and accelerated by his own aggression," a senior US administration official said.
