The US has approved imposing secondary sanctions on institutions found aiding Moscow Chinese state-owned banks are tightening controls on servicing Russian clients after Washington approved secondary sanctions on financial institutions found aiding Russia's military-industrial complex, Bloomberg reported on Tuesday, citing people familiar with the matter. In December, US President Joe Biden signed an executive order authorizing “secondary sanctions to go after financial institutions” cooperating with enterprises related to Russia’s military industrial complex. The new restrictions enable Washington to target i
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