Top Biden administration officials will meet on Monday with executives from banks, oil companies and other firms to discuss the impact from the Russia-Ukraine war and the ensuing sanctions from the U.S. and its European allies.
Janet Yellen
Treasury Secretary Janet Yellen speaks during a virtual roundtable with participants from Black Chambers of Commerce across the country to discuss the American Rescue Plan, Friday, Feb. 5, 2021, from the South Court Auditorium on the White House comp The raft of sanctions from the West includes cutting off a key part of the Central Bank of Russia by preventing it from selling dollars, euros and other foreign currencies in its roughly $630 billion reserve stockpile; blocking certain financial institutions from the Swift messaging system for international payments; and sanctioning some of the Russian elites who have close ties to President Vladimir Putin.
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