The Biden administration announced on Monday (28th) additional sanctions on the Russian central bank, prohibiting the American people from conducting any business dealings with the Russian central bank, and freezing the Russian central bank’s assets in the United States. In addition, the new measures will also target the Russian State Wealth Fund and the Russian Ministry of Finance.
A senior Biden administration official, who spoke on condition of anonymity, said the new sanctions would take effect immediately, adding: “We want to put these actions in place before the stock market opens because we learned over the weekend from allies and partners that the Bank of Russia is trying to Moving assets, there will be a massive flight of assets from institutions around the world starting Monday morning.”
“Simply put, our strategy is to ensure that the Russian economy goes backwards as long as Russian President Vladimir Putin decides to continue the invasion of Ukraine,” the official added.
In addition, the United States has also added Putin’s other close friend and close friend Kirill Dmitriev, the executive officer of the Russian Direct Investment Fund (RDIF), and his fund to the sanctions list.
Another senior White House official said: “Most countries have imposed sanctions on Russia, and Putin’s $630 billionDollarForeign reserves only matter if he can use it to defend his currency. “
Over the weekend, the United States, European allies and Canada agreed to expel major Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT). Secure communication with overseas banks will not be possible. In the past, in 2014, Iran was expelled from SWIFT for its nuclear weapons program.