EU to Cut 70% of Russia’s Banking System Off From Global Markets

The European Union will formally indication off on sanctions Friday that will minimize 70% of Russia’s banking technique off from intercontinental monetary markets and put limits on the sum of dollars Russian elites can hold in the EU, European Commission President Ursula von der Leyen reported.

EU leaders gave their backing to the offer of sanctions at a conference in Brussels on Thursday night. Mrs. von der Leyen explained the steps, which had been developed in near coordination with the U.K. and U.S., would enhance Russia’s borrowing expenses, elevate inflation there and progressively erode the country’s industrial foundation.

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Ukraine Invasion Is Putin’s Most Aggressive Move Yet to Restore Russia’s Place in the World

MOSCOW—Russia’s invasion of Ukraine is President Vladimir Putin’s most aggressive move nevertheless in his two-decade-extensive marketing campaign to reassert Russia’s place in the planet and redeem the humiliation of the fall of the Soviet Union. It is an incredible gamble. Related Posts:Banks warned to prepare for Russian cyber attacks over […]