“The U.S. has taken its most aggressive step yet to cripple Russia’s economy and financial system, announcing a ban on transactions with Russia’s central bank and new sanctions on the Russian Direct Investment Fund and its chief executive Kirill Dmitriev,” the Financial Times reports.
“The move by the U.S. Treasury on Monday morning follows a joint pledge by western nations on Saturday to block Russia’s ability to access roughly $630bn in foreign reserves and impose huge costs on its economy in the wake of its invasion of Ukraine.”
CNBC: “The new measures will also target the National Wealth Fund of the Russian Federation and the Ministry of Finance of the Russian Federation.”
This is the atom bomb of economic sanctions.
?Political Trivia
Eight moments in political history. Put them on a timeline.
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Five senators. Three bills. Can you guess how they all voted?
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Nine Justices. One case. How did they rule?
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Do you have your finger on the pulse of America?
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Four questions a day.
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