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The government of US President Joe Biden has prepared an initial package of sanctions against Russia, which includes a ban on US financial institutions from conducting transactions with major Russian banks, Reuters reported.
The measures, which will only be activated if Russia invades Ukraine, are aimed at hurting the Russian economy by severing banking ties between the two countries.
Authorities in the US said the banking restrictions would be part of a package of sanctions, but the government’s plan to sever banking ties with the aim of influencing global cash flows has not yet been announced.
The United States will also use its strongest means of sanctions against certain Russian individuals and companies, placing them on the Designated National List (SDN), excluding them from the US banking system, and banning trade. their with the Americans and the freezing of the assets they have in the United States.
It is learned that the White House and the US Treasury Department declined to comment.
Sources also said the package could change until the last minute and it is not known what its goals will be.
However, they believe that the possible targets of sanctions are the main Russian financial institutions such as VTB Bank, Sberbank, VEB and Gazprombank.
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