The US Government announced this Wednesday, in coordination with the countries that make up the G7 and the European Union (EU). new sanctions package Against Russia, in retaliation for the invasion of Ukraine, which included, among others, a ban on investment in the Eurasian country.
Specifically, the sanctions battery following learning of the massacre of civilians in the Ukrainian city of Bucha consists of: “destructive economic measures”It imposes “the most severe” financial sanctions against Russia’s largest bank and several of its most critical state companies, as well as government officials and their families.
Thus, the allies completely blocked the assets of the largest Russian financial institution, Sberbankand the largest private bank, Alpha Bank In the United States, while prohibiting Americans from doing business with either.
In addition, President Joe Biden will soon sign a decree banning new investments in Russia for Americans, wherever they are. The measure aims to “more isolate” Russia from the global economy and is based on the decision of more. 600 multinational companies Exiting the Russian market.
The US, on the other hand, has vetoed American transactions with Russian state-owned companies and froze the assets under the North American country’s jurisdiction, “damaging” the Kremlin’s ability to use these companies’ resources to finance the war. in Ukraine. this Treasury Undersecretary will reveal the names of these companies this Thursday.
As for the sanctions imposed on officials and their families, the US has expelled them from its financial system and froze their assets. They are the grown-up daughters of the president Vladimir Putin, the wife and daughter of the foreign minister, Sergei Lavrov, and members of the Russian Security Council, including the former President Dmitry Medvedev and the current ‘premium’, Mijail Mishustin.
“Those people they enriched The White House said in a statement that “at the expense of Russian citizens” and “some of them are responsible for providing necessary support to Putin’s war in Ukraine.”
Finally, the US Treasury banned Russia from withdrawing money. debt payments with funds in your jurisdiction and the allies pledged to support sectors deemed “necessary” for humanitarian activities that benefit Russian citizens.