Additional sanctions announced against Russian individuals, entities
The Treasury Department’s Office of Foreign Assets Control today announced additional sanctions against Russia as a result of the ongoing conflict in Ukraine
Browsing: Russian Invasion of Ukraine
Fed raises interest rates for fourth time this year
The Federal Reserve raised interest rates by three-quarters of a percentage point to a target range of 2.25% to 2.5%, the Federal Open Market Committee announced today.
Joint task force blocks $30B of Russian assets
A dedicated international task force focused on executing sanctions against Russia has blocked or frozen more than $30 billion worth of sanctioned Russian assets in financial accounts and economic resources, and immobilized approximately $300 billion worth of Russian Central Bank Assets, according to a press release issued by the Treasury Department.
Fortress Russia: Understanding Putin’s efforts to sanction-proof his economy
Russia’s efforts to disengage with the global economy and isolate itself may have helped minimize the initial shock from the most recent sanctions and could explain why Putin has yet to back down from the Ukraine invasion.
OFAC announces additional Russian sanctions
The Treasury Department’s Office of Foreign Assets Control sanctioned Transkapitalbank, a Russian commercial bank, and its subsidiary, Joint Stock Company Investtradebank for sanctions evasion activity connected to the recent Russian invasion of Ukraine.
FSB chair: Invasion of Ukraine has ‘profoundly changed’ global financial markets
Chair of the Financial Stability Board sent a letter to G20 finance ministers and central bank governors addressing financial stability issues caused by the invasion of Ukraine.
ABA report: Credit market expected to weaken on high inflation
Top economists from the largest U.S. banks expect credit market conditions to weaken amid high inflation, according to the American Bankers Association’s Credit Conditions Outlook released today.
FOMC: securities holdings to be reduced by $95 billion a month
Federal Open Market Committee members said monthly reductions in securities holdings should be capped at about $60 billion for Treasury securities and about $35 billion for mortgage backed securities.
OFAC ramps up Russian sanctions; Banks, individuals targeted
With the Russian invasion of Ukraine still ongoing, the Treasury Department’s Office of Foreign Assets Control today announced additional significant steps to sanction Russian individuals and entities.
Provident Bank survey: Small businesses bracing for Russian cyberattacks
A majority of the nation’s small business owners—78%—say they are concerned about the threat of a Russian cyberattack in light of recent news coverage, according to new survey data released by Provident Bank.