War in Ukraine: US Sanctions on Russian Banks Affect ‘Ordinary Citizens’

The sanctions imposed by the government of the American president Joe Biden against two of the largest Russian banks constitute “Direct blow to the Russian population”in “Ordinary citizens”said yesterday Wednesday o Anatoly Antonovher ambassador Russia at USAbroadcast the Russian public news agency TASS.

He referred to the sanctions imposed on Sberbank, which accounts for about a third of deposits in Russia, and on Alfabank, the country’s fourth-largest credit institution, by Washington in retaliation for the Russian military invasion of Ukraine on 24 February.

Elimination from the G20

Meanwhile, the US does not intend to limit itself to the financial sanctions it has imposed so far. According to the US Secretary of the Treasury, Janet Glenn, Joe Biden’s government continues to argue that Russia should be expelled from the G20. In fact, he said, the United States is ready to boycott “Some G20 meetings” in case Russian officials show up.

Glenn also said the United States would seek to remove Russia from any active involvement in international institutions, but acknowledged that it was “unlikely” that Russia would be expelled from the International Monetary Fund. “President Biden was clear and I clearly agree with him, we can not have economic relations with Russia as before in any economic forum.”.

Source: News Beast

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