What's Hot

    Father’s Day – Stepping into father’s shoes

    June 18, 2022

    4 Expert-Backed Strategies for Managing Anxiety

    April 15, 2022

    Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

    April 4, 2022

    UK could open seven new nuclear power stations to reduce Russian oil dependence

    April 4, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram LinkedIn
    United Business OutlookUnited Business Outlook
    NOMINATE FOR AWARDS
    • Home
    • Top Global News
    • INFO-TECH
      1. Social Media
      2. How-To
      3. Computer & Laptops
      4. Mobile & Tablets
      5. Gadgets
      6. View All

      5 Best Video Editing Apps For Social Media

      March 30, 2022

      Social Media Strategies To Follow

      March 15, 2022

      WeChat: What You Need To Know

      March 7, 2022

      Social Media Content You Need to Create.

      February 5, 2022

      Things to know before starting a business with friends

      March 25, 2022

      How to get a job in the finance industry

      March 2, 2022

      How modern technology helping us solve problems

      February 28, 2022

      Legal requirements to start a business

      February 28, 2022

      Cloud computing basics

      March 9, 2022

      OnePlus 10 Pro- The launch we are waiting for!

      March 29, 2022

      The most valuable brands in 2022

      March 14, 2022

      How modern technology helping us solve problems

      February 28, 2022

      Huawei launches Smart Glasses with Detachable Front Frame along with MateBook X Pro.

      December 25, 2021

      Father’s Day – Stepping into father’s shoes

      June 18, 2022

      4 Expert-Backed Strategies for Managing Anxiety

      April 15, 2022

      Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

      April 4, 2022

      UK could open seven new nuclear power stations to reduce Russian oil dependence

      April 4, 2022
    • Markets
    • Crypto
    • Funding
    • More
      • Retail
      • Entrepreneurs
      • Automotive
      • Healthcare
      • Industries
      • Technology
      • Companies
        • Apple
        • SamSung
      • Fintech
      • Marketing
      • Real Estate
      • Sales
    United Business OutlookUnited Business Outlook
    Home»Top Global News»US expands sanctions against Russia, targeting Central Bank

    US expands sanctions against Russia, targeting Central Bank

    This comes after the US and its partners stated recently, that they would place restrictions on Russia's central bank's ability to deploy its currency.
    Aditi GuptaBy Aditi Gupta2 Mins Read Top Global News March 1, 2022
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    sanctions against Russia's central bank
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Biden administration imposed new sanctions against Russia’s central bank

    Prohibiting Americans from doing business with the bank and freezing its assets within the country.

    As of immediate effect.

    The Russian Federation’s National Wealth Fund will be targeted by the new sanctions against Russia’s central bank

    Additionally, with the Russian Federation’s Ministry of Finance.

    According to a senior Biden administration source who spoke on the condition of anonymity in order to convey Washington’s thinking.

    The fresh penalties will take effect immediately.

    “We wanted to take these moves before our markets opened.

    Since our allies and partners told us over the weekend, that the Russian Central Bank was attempting to shift assets and that there would be consequences.”

    "To put it plainly, our strategy is to ensure that the Russian economy regresses."

    “As long as President Putin intends to continue his assault of Ukraine,” the person added.

    The United States is also sanctioning Kirill Dmitriev.

    He is a close confidant of Russian President Vladimir Putin, along with the direct investment fund he runs.

    Officially, the Russian Direct Investment Fund (RDIF) is a sovereign wealth fund.

    Although it is largely seen as a slush fund for Putin.

    According to the official, the US expects its partners to follow suit in the coming days.

    This comes after the US and its partners stated recently, that they would place restrictions on Russia’s central bank’s ability to deploy its currency.

    “No country is immune to sanctions against Russia’s central bank,” a second senior administration official said Monday.

    “Putin’s war chest of $630 billion in reserves only matters if he can use it to defend his currency.”

    In the last few weeks, the US and its allies have slapped a slew of new sanctions against Russia’s central bank, Russia in an effort to keep economic pressure on the Kremlin.

    These sanctions against Russia’s central bank, implemented by the US Departments of Treasury and Commerce, have pushed Russian markets into a downward spiral.

    The Russian ruble sank to 111 per dollar on Monday, down from 83 on Friday, a decline of more than 20%.

    If this trend continues, it will be one of the greatest single-day drops in the value of Moscow’s currency in history.

    Biden Moscow Putin Russia RussiaUkraineCrisis Ukraine US USsanctions
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleSamsung Galaxy S21 FE 5G Review On Newly Launched
    Next Article Russian ships to be ousted from UK ports
    Aditi Gupta

    A writer and a photography enthusiast, with a zest for reading and traveling. Wants to bring change to the world, and when not editing, she spends her time on the guitar.

    Related Posts

    Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

    April 4, 2022

    UK could open seven new nuclear power stations to reduce Russian oil dependence

    April 4, 2022

    Tesla: Despite obstacles, Tesla produces a record number of automobiles

    April 4, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    advertisement@unitedbusinessoutlook.com

    United Business Outlook Is An Online Magazine Providing Comprehensive Coverage And Analysis Of International Businesses From All Industries.

    We're social. Connect with us:

    Facebook Twitter Instagram YouTube LinkedIn
    Top Global News

    Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

    April 4, 2022

    UK could open seven new nuclear power stations to reduce Russian oil dependence

    April 4, 2022

    Tesla: Despite obstacles, Tesla produces a record number of automobiles

    April 4, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2023 United Business Outlook | A Venture by Famezop Media.
    • Home
    • Get In Touch
    • Our Authors
    • Privacy & Policy

    Type above and press Enter to search. Press Esc to cancel.