Biden Administration Imposes New Sanctions On Russia Banking Institutions And Putin S Daughters
“Today we are dramatically escalating the financial shock by imposing full foreclosure sanctions on Russia’s largest financial institution, Sberbank, and its largest private bank, Alfa Bank,” a senior administration official told reporters. Sberbank owns almost a third of the total assets of the Russian banking sector, the official said, adding that the United States has now completely blocked “more than two-thirds of the Russian banking sector.” Second, the senior official said: “In line with the G7 and the EU, we are announcing a ban on new investment in Russia....