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US plans to cut ties with targeted Russian banks if Ukraine is invaded

President Joe Biden's administration has prepared an initial package of sanctions against Russia that includes barring US financial institutions from processing transactions for major Russian banks, three people familiar with the matter said. The measures, which would only be implemented if Russia invades Ukraine, aim to hurt the Russian economy by cutting the "correspondent"
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Exclusive-U.S. plans to cut ties with targeted Russian banks if Ukraine is invaded - sources

WASHINGTON/NEW YORK (Reuters) - President Joe Biden's administration has prepared an initial package of sanctions against Russia that includes barring U.S. financial institutions from processing transactions for major Russian banks, three people familiar with the matter said.
United States United Kingdom White House District Of Columbia Robert Birsel Karen Freifeld

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U.S. plans to cut ties with targeted Russian banks if Ukraine is invaded – sources

President Joe Biden’s administration has prepared an initial package of sanctions against Russia that includes barring U.S. financial institutions from processing transactions for major Russian banks, three people familiar with the matter said. The measures, which would only be implemented if Russia invades Ukraine, aim to hurt the Russian economy by cutting the “correspondent” banking ...
United States United Kingdom White House District Of Columbia Robert Birsel Karen Freifeld

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