BREAKING : U.S EXPANDS SANCTIONS ON RUSSIA, U.S. SANCTIONS FORCE MOSCOW EXCHANGE TO HALT DOLLAR & EURO TRADES

Mario Nawfal

@MarioNawfal
🇷🇺 U.S. SANCTIONS FORCE MOSCOW EXCHANGE TO HALT DOLLAR & EURO TRADES

Fresh U.S. sanctions have reportedly forced Russia to suspend trading in dollars and euros on the Moscow Exchange.

Banks and investors must now trade over-the-counter, affecting liquidity and oversight.

China’s yuan has become the most traded currency, making up 53.6% of trades in May.

Source: Reuters

Mario Nawfal

@MarioNawfal
🚨🇺🇸 BREAKING: U.S EXPANDS SANCTIONS ON RUSSIA

US has significantly widened sanctions on Russia, targeting China-based companies supplying semiconductors to Moscow.

Treasury Secretary Janet Yellen:

“We are increasing the risk for financial institutions dealing with Russia’s war economy and eliminating paths for evasion.”

The measures also affect $100 million worth of high-priority items for Moscow.

This move aims to cripple Russia’s military operations in Ukraine by cutting off critical supplies.

Source: Reuters