Russian Sanctions Hit With Thud, Not Roar

We will continue to escalate sanctions as russia escalates. We are implementing full blocking sanctions on two large russian financial institutions, veb and their military bank. That means we've cut the r Russian government from western financing. It can no longer raise money from the west, and cannot trade its new debt in our markets or european markets. Starting to morrow, and continuing in the days ahead, we will also be imposing sanctions on rRussian alets and their family s. They share in the corrupt gains of the kremlin's policies and should share in the pain as well because of russia's actions.

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