United States Treasury bans transactions with Russia’s Central Bank
Categories: FOREIGN COUNTRIES
The United States Treasury Department said on Monday that the country has banned all US transactions with Russia's central bank effective immediately."This action effectively immobilises any assets of the Central Bank of the Russian Federation held in the United States or by US persons, wherever located," the Treasury said of the measure taken in coordination with Western allies. The Russian currency plunged about 30 per cent against the US dollar Monday after Western nations announced moves to block some Russian banks from the SWIFT international payment system and to restrict Russia’s use of its massive foreign currency reserves.The European Union, founded to ensure peace on the continent after World War II, is supplying lethal aid for the first time, including anti-tank weapons and ammunition. Peskov called the imposition of sanctions against Russian President Vladimir Putin "absurd", and said that the Russian president was "quite indifferent about it.""Everyone knows that the President doesn't have any assets apart from the ones he declares every year - a trailer, a flat, some bank deposits maybe," he said.