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

Russian President Vladimir Putin attends a meeting with Russian Defence Minister Sergei Shoigu at the Kremlin, in Moscow on February 14, 2022.

Alexei Nikolsky | AFP | Getty Images

WASHINGTON — 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 its 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 […]

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