As the U.S. continues its crackdown against Russia over the recent invasion of Ukraine, the Financial Crimes Enforcement Network today called on financial institutions to be vigilant against attempts to evade the expansive sanctions and restrictions currently in place.
The price of coal skyrocketed following Russia’s invasion of Ukraine. As of March 4, the XWJ2 Comdty index has increased 93% from pre-invasion levels.
The Treasury Department today once again stepped up its efforts to sanction Russian oligarchs with ties to President Putin following the Russian military’s invasion of Ukraine last week.
Federal Reserve Chairman Jerome Powell told members of the House Committee on Financial Services today that he expects the Fed to raise interest rates at the next meeting of the Federal Open Market Committee on March 15-16.
As the conflict in Ukraine continued to escalate over the weekend, President Biden and several world leaders agreed to block certain Russian banks from accessing the Swift global messaging system.
In response to the invasion of Ukraine by Russian troops, President Biden today announced an additional round of economic sanctions, including those against two additional large Russian financial institutions, Sberbank and VTB Bank.
The Treasury Department today announced a number of sanctions against two Russian state-owned financial institutions, five Kremlin-connected individuals and additional restrictions on Russian sovereign debt in response to Russia’s decision to deploy troops to the Donetsk and Luhansk regions of eastern Ukraine that Russia has recognized as independent.
The Treasury Department today announced a number of sanctions against Russian entities and individuals, following an executive order from President Biden.