The new sanctions hit Russia’s Sberbank, which holds one\u002Dthird of Russia’s total banking assets, and Alfabank, the country’s fourth largest financial…
The new sanctions hit Russia’s Sberbank, which holds one-third of Russia’s total banking assets, and Alfabank, the country’s fourth largest financial institution, U.S. officials said. But energy transactions were exempted from the latest measures, they said.
Grim images emerging from Bucha include a mass grave and the bodies of people shot at close range, some of them bound, prompting calls for tougher action against Moscow and an international investigation. Sberbank and Alfabank said the new sanctions would not have a significant impact on their operations.
“The only thing that we are lacking is the principled approach of some leaders — political leaders, business leaders — who still think that war and war crimes are not something as horrific as financial losses,” he told Irish lawmakers. By cutting off Russia’s largest banks, the United States is “dramatically escalating” the financial shock on Russia, a senior administration official told reporters. “The reality is the country is descending into economic and financial and technological isolation,” the official said. “And at this rate, it will go back to Soviet-style living standards from the 1980s.”Article content
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