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US Targets Major Russian Lenders, Putin’s Daughters in Latest Sanctions

April 6, 2022 by Forex Winner Leave a Comment

russia sanctions

Source: MarketScreener

The United States has banned Americans from putting investments in Russia, as part of its new sanctions for its invasion of Ukraine. QQQ is down 2.45%

  • The new measures zero in on Sberbank, which accounts for a third of Russia’s total banking assets, along with Alfabank.
  • The measures also impose sanctions on Russian President Vladimir Putin’s adult daughters and the wife and daughter of Russian Foreign Minister Sergei Lavrov.
  • Americans are also prevented from making investments in Russia, also covering transactions through venture capitals or mergers.
  • The Justice Department also unveiled new enforcement measures designed to stop and prosecute illegal Russian activity.
  • A US official said the sanctions may force Russia back into living standards of the Soviet era as Washington seeks to escalate the financial import on Moscow.
  • US Secretary of State Antony Blinken cited the killings done by Russian forces as “deliberate,” while Russia denied targeting civilians in its “special military operation.”

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Filed Under: Forex News Tagged With: putin, Russia, sanctions, ukraine, USA

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