Biden administration expands sanctions against Russia, cutting off U.S. transactions with central bank

From cnbc.com

The Biden administration announced additional sanctions against Russia’s central bank on Monday, a move that effectively prohibits Americans from doing any business with the bank as well as freezes assets within the United States. The new measures will also target the National Wealth Fund of the Russian Federation and the Ministry of Finance of the Russian Federation. A senior Biden administration official, who spoke on the condition of anonymity in order to share Washington’s thinking, said the new sanctions will take effect immediately. “We wanted to put these actions in place before our markets open because ... (full story)