- March 1, 2022
- Posted by: Stratford Team
- Category: Economy
European and U.S. officials had announced most of the sanctions Saturday, but many of the details were not released until Monday, when the restrictions were implemented. Additional measures also were rolled out.
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Under the new regime, all people in the United States and European Union are banned from trading with Russia’s central bank. The sanctions also apply to Russia’s Finance Ministry and its sovereign wealth fund. The United States and its allies were executing a hastily assembled strategy meant to squeeze Russia’s economy and make it very difficult for Russian leaders to tap money.
Australian Prime Minister Scott Morrison said that his country will work with NATO partners in Europe to help fund the supply of lethal weapons to Kyiv. (AP)
The restrictions amount to choking off Russia from the international financial system.
Private businesses have joined governments in the isolation of Russia. Facebook, Google…
