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Economics & Business News

US says it could introduce new anti-Russian sanctions at the touch of a button

US State Department spokesman Ned Price said Washington could "push" a button to impose sanctions on Russia's two largest banks. His words are quoted by RIA Novosti.

“We are ready to take action at the push of a button against the two largest financial institutions in Russia. Together they have assets worth $750 billion. This is half of the entire Russian banking system, ”said the State Department spokesman.

Price did not specify which banks he was talking about.

Earlier, United States President Joe Biden announced the imposition of anti-Russian sanctions in connection with Moscow's recognition of the Donetsk and Lugansk People's Republics. In particular, the restrictions affected VEB and the “military bank”.

Earlier, Biden's deputy national security adviser Dalep Singh said that Washington could stop exporting American technology to Russia at any time.

US says it could introduce new anti-Russian sanctions at the touch of a button