U.S. sanctions deepen Russia's economic woes: banking sector and global trade hit hard

Maria Sandu

In a significant and painful move during the closing months of his administration, U.S. President Joe Biden has enacted sanctions that have critically affected Russia's economy. A central target of these sanctions is Gazprombank, a crucial financial hub for Russia's international trading operations. Also on the sanctions list is BrokerCreditService (BCS), identified as a major player in illicit financial activities within Russia, reports VChK-OGPU , a well-connected Russian Telegram channel

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