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US prepares sanctions targeting Russian banks

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US prepares sanctions targeting Russian banks

timestampFeb 21, 2022 authorAlShorts Web Desk

Biden administration could block US financial institutions from processing transactions for Russian banks as part of a sanctions package that will be implemented if Moscow decides to "invade" Ukraine. The sanctions would cut the "correspondent" banking relationships between targeted Russian and US banks that enable international payments. Certain Russian individuals could be cut off from the US banking system as well.

Latest News

Anonymous hacks more than 300 Russian official websites

Biden pushes for co-ordinated approach to crypto oversight

Covid-19 pandemic is not over, warn experts

US man who got first pig heart transplant dies two months later

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