Australia has imposed sanctions on 11 Russian banks and many governmental entities, including those responsible for managing the Russian sovereign debt, the Foreign Ministry said on Friday. The sanctions have been introduced over the Russian military operation in Ukraine. “The Australian Government has placed sanctions on 11 additional Russian banks and government entities, with […]
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US preparing sanctions that would target Russian banks: Reports
The administration of US President Joe Biden 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, Reuters reports citing anonymous sources. The sanctions would cut the “correspondent” banking relationships between targeted Russian banks (possibly Sberbank, VTB and Gazprombank) and US banks that enable international payments. In addition, certain Russian […]