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The United States, Britain and European Union leaders are targeting Russian banks as part of a new package of sanctions following Moscow's invasion of Ukraine. The U.S. Treasury Department said it ...
The moves aim to undermine Moscow's ability to weather thewider economic sanctions but they also impact Western bankswhich are exposed to Russia's economy. In Europe, Italian and French banks have ...
Pauses service in Russia due to their product used in military offensive. [53] 1 April 2022: Domino Pizza: Fast food United States: DP Eurasia franchise in Russia being put into bankruptcy. [54] 1 August 2023: DSV: Transport and logistics Denmark: halt all shipments to Russia [2] 2022: DXC Technology: Technology United States: exit the Russian ...
Europe's banks - particularly those in Austria, Italy and France - are the world's most exposed to Russia, and for weeks they have been on high alert should governments impose new sanctions ...
Various sanctions against Russia and its affiliates have been imposed by major economic and political powers in response to the Russian invasion of Ukraine, including the United States, the member states of the European Union (EU), and other international organizations.
The G7 countries plus the European Union announced in May 2023 that the approximately $300 billion (€275 billion) in Russian central bank assets that had been frozen in these countries would remain frozen "until Russia pays for the damage it has caused to Ukraine," [116] [119] and this was reaffirmed after the G7 meeting in December, 2023. [120]
The U.S., meanwhile, moved to cut off Russia's government from Western finance, sanctioning two of its banks and blocking it from trading in its debt on American and European markets.
Within days of the Russian invasion of Ukraine in February 2022 western countries moved to freeze Russian central bank funds in these countries. [1] [a] In March 2023 (prior to the destruction of the Kakhovka Dam) a joint assessment was released by the Government of Ukraine, the World Bank, the European Commission, and the United Nations, estimating the total cost of reconstruction and ...