US threatens to cut off international banks over Russia ties ...News

Russia Today - Economy
US threatens to cut off international banks over Russia ties
source : Russia Today ( News ) () 18
President Joe Biden has signed an executive order enabling sanctions on foreign institutions that continue to deal with Moscow US President Joe Biden signed an executive order on Friday authorizing the Treasury Department to impose new sanctions that would cut off foreign financial institutions working with Russia from those operating in the US, according to a press statement by US Secretary of State Antony Blinken. The executive order focuses on “secondary sanctions to go after financial institutions” cooperating with enterprises related to Russia’s military industrial complex. “Today’s action underscores the nee

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