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US Expands Sanctions in Effort to Choke Russian War Economy

Posted on AllSides June 12th, 2024
From The Right

Shortly after this announcement, the Moscow Exchange announced it would suspend transactions in dollars and euros. The United States announced a wave of new sanctions against Russia the day before G7 leaders were set to gather in Italy to discuss ways to curb Russia’s growing war economy amid its ongoing campaign in Ukraine. Sanctions on more than 300 Russian entities and individuals were announced by the U.S. Treasury Department on June 12. The measures “will ratchet up the risks that foreign financial institutions take by dealing with Russia’s war economy,”...

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