Yellen says U.S. will address potential gaps in Russia sanctions
Source: Reuters
"Russia is increasingly an economic island," she said at the University of Illinois-Chicago after visiting Chicago's Ukrainian Village neighborhood.
Asked whether sanctions to curb Russia's oil and gas exports could follow, she said "nothing is off the table," but added that the United States had not taken this step to spare Americans, Europeans and other people around the world from "punishing consequences."
Sanctions imposed last Sunday and Monday have so far restricted 80% of the Russian banking sector's assets and "immobilized" about half of the Russian central bank's assets, she said.
The rouble, which has lost about a third of its value since the start of the year, touched a fresh record low of 110 to the dollar in Moscow on Wednesday as the country's financial system teetered under the weight of Western sanctions
Read more: https://www.reuters.com/world/us/yellen-says-us-will-address-potential-leakages-russia-sanctions-2022-03-02/
SheltieLover
(57,073 posts)PA_jen
(1,114 posts)Maybe the whole family?
Lancero
(2,983 posts)Sanction their top exports. It's well past time that the US and Europe stopped funding the Russian invasion of Ukraine.
We must do all we can to stop this war.
EarthFirst
(2,877 posts)Its the least we can do; and Im 100% willing support measures which will require sacrifice.